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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