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Search resuls for: "Colombia's Cano Limon"


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BOGOTA, July 27 (Reuters) - Colombian police have seized property and bank accounts worth 1.3 trillion pesos ($329 million), proceeds from the sale and export of stolen crude oil, officials said on Thursday. To sell the stolen oil, criminal groups mixed it with legally-bought crude so it could be exported via front companies, police said. Colombia's majority state-owned oil company Ecopetrol (ECO.CN) was the main victim of the scheme, costing it 60 billion pesos, police added. The gangs stole crude from Colombia's Cano Limon-Covenas pipeline which runs parallel to the border with Venezuela. Furthermore, "large quantities" of light Venezuelan crude were brought into Colombia before being mixed with Colombian oil and exported via the Cano Limon-Covenas pipeline, the statement said.
Persons: Cano, Katherine Casas, Cano Limon, Luis Jaime Acosta, Oliver Griffin, Grant McCool Organizations: Colombian, Interpol, Reuters, National Liberation Army, Police, Thomson Locations: BOGOTA, Narino province, Venezuela, Pacific, Buenaventura, Colombia
Colombia Cano Limon-Covenas oil pipeline bombed
  + stars: | 2023-05-30 | by ( ) www.reuters.com   time to read: +1 min
BOGOTA, May 30 (Reuters) - Colombia's Cano Limon-Covenas pipeline was bombed by unknown actors, operator Cenit said in a statement on Tuesday, prolonging the suspension of pumping crude between oil fields in the country's northeast and the Caribbean coast, where the oil is exported. Colombia's military is working to secure the area, Cenit added. Pumping along the pipeline has been suspended since April 14 due to other attacks. Restarting operations will depend on the military's ability to secure the area where the attacks took place while repairs continue. The Cano Limon-Covenas pipeline, which can transport up to 210,000 barrels of oil per day and runs along Colombia's northern border with Venezuela, was attacked 13 times last year, leading to fires and contamination of the surrounding area.
Persons: Colombia's Cano Limon, Cenit, Cano Limon, Luis Jaime Acosta, Oliver Griffin, Leslie Adler Organizations: National Liberation Army, Thomson Locations: BOGOTA, Caribbean, Saravena, Arauca province, Venezuela
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