• 3 minutes Will Iron-Air batteries REALLY change things?
  • 7 minutes Natural gas mobility for heavy duty trucks
  • 11 minutes NordStream2
  • 20 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour U.S. Presidential Elections Status - Electoral Votes
  • 23 hours Evergrande is going Belly Up.
  • 5 hours Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 1 day Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 3 days Poland Expands LNG Powered Trucking and Fueling Stations
  • 3 days World’s Biggest Battery In California Overheats, Shuts Down
  • 2 days The unexpected loss of output from wind turbines compels UK to turn to an alternative; It's not what you think!
  • 2 days Ten Years of Plunging Solar Prices
  • 2 days Extraction of gasoline from crude oil.
  • 4 days The coming Cyber Attack
  • 4 days Is the Republican Party going to perpetuate lies about the 2020 election and attempt to whitewash what happened on January 6th?
Brazil Looks To Become A Top-5 Oil Producer

Brazil Looks To Become A Top-5 Oil Producer

Brazil’s oil industry has absolutely…

OPEC May Cut 2022 Oil Demand Forecast

OPEC May Cut 2022 Oil Demand Forecast

OPEC could revise down its…

Argentina Attempts To Revive Its Oil Boom

Argentina Attempts To Revive Its Oil Boom

Argentina’s government has unveiled a…

Matt Smith

Matt Smith

Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01

More Info

Premium Content

Colombia’s Crude Exports Fall Amid Unrest

Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start this year, however, export volumes have dropped off considerably, as unrest rises up in the country once more.

Exports are currently at 540,000 bpd so far this month, considerably adrift of year-ago levels:

(Click to enlarge)

The drop in exports comes amid the end of a temporary ceasefire between the Colombian government and the National Liberation Army (ELN), which expired last Tuesday (January 9) after 101 days. A number of attacks on energy infrastructure across the country have subsequently followed, as well as kidnapping.

We have issued a number of impact alerts to our clients in the last week highlighting the most pertinent events. The Caño Limón – Coveñas pipeline experienced multiple attacks on January 10. The Caño Limón – Coveñas pipeline runs from the Caño Limón oil field to the port of Coveñas, where the vast majority of Colombian crude exports leave the country. Two days later, the Colombian army foiled an attempted bomb attack on electricity towers in northwestern Colombia.

On January 13, Ecopetrol stopped pumping on its Transandino pipeline following a bomb attack on the pipeline in Nariño, Colombia. The pipeline moves crude from the Orito field in the Putumayo basin to the port of Tumaco.

As the chart below illustrates, exports leave from both Coveñas and Tumaco - but overwhelmingly from the former. There are two predominant export grades: heavy sour Castilla blend accounts for a half of all export volumes, while medium sour Vasconia accounts for 40 percent. Related: Is The Rig Count Still Relevant?

(Click to enlarge)

Despite the immediate increase in unrest, crude flows in and out of Colombia are continuing for the most part. Not only is the U.S. the leading destination for Colombian crude exports, but the U.S. is the leading source of crude flows into Colombia.

Colombia is one of the top ten leading destinations for U.S. crude, discharging an average of 22,000 bpd of U.S. crude last year (approximately one cargo a month), with light sour Thunderhorse being the crude of choice. Ecopetrol's Manomal refinery has already received one cargo of US crude this month, while a second cargo was loaded on January 10th at PAA's St James terminal, set to be delivered in the coming days.

(Click to enlarge)

By Matt Smith

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News