Colombia targets Pacific oil exports
Tuesday, November 19, 2013
Colombia is planning to build a new pipeline to export oil via its Pacific coast to Asia.
The decision comes as increased production from U.S. shale fields forces Colombia to seek new markets.
“There’s a re-figuration of the international energy market, especially with what is happening in the U.S.,” Colombia Mines and Energy Minister Amylkar Acosta said.
Source: Bloomberg