Colombia's state oil company deals with pipeline attacks from rebel groups while aiming to increase oil production and transition towards renewable energy sources.
Colombia ’s state-owned oil company Ecopetrol has reported five attacks on two pipelines, adding that exports of the commodity have not been affected. The Cano Limon-Covenas pipeline was attacked three times, Ecopetrol ’s subsidiary Cenit reported, as quoted by Reuters, and the Bicentenario pipeline suffered two attacks. It added that the Colombia n army had been deployed to the area of the attacks on the Cano Limon-Covenas pipeline to protect staff who were repairing the infrastructure.
At the same time, the current government has ambitious plans for wind and solar growth as it seeks to reduce Colombia’s dependence on oil, gas, and coal revenues. Hydrocarbons, however, remain a major contributor to budget revenues. Even so, the Petro government has not held any new oil and gas exploration tenders since coming into office. State oil company Ecopetrol is contributing to the output increase through enhanced oil recovery techniques, improving extraction volumes from reservoirs.
Ecopetrol Oil Pipelines Attacks Guerilla Groups Oil Production Renewable Energy Enhanced Oil Recovery Contract Review Energy Dependence
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