Venezuela Colombia Oil Pipeline

From Global Energy Monitor

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Venezuela Colombia Oil Pipeline was a proposed oil pipeline in Venezuela and Colombia.[1] There have been no development updates since 2014, and the project is presumed to be cancelled.

Location

The pipeline would have run from the Orinoco River in Venezuela to Tumaco on Colombia's Pacific coast.

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Project Details

  • Operator: Petróleos de Venezuela SA (PDVSA), Ecopetrol[1]
  • Proposed capacity: 600,000 to 880,000 barrels per day[2] or 200,000 to 400,000 barrels per day[3]
  • Length: 800[3] to 3,218 kilometers[1]
  • Status: Cancelled

Background

In 2011 the foreign ministers of Colombia and Venezuela agreed to create a joint venture company to construct the pipeline, which would export Venezuelan oil to Colombia's Pacific coast for export to Asian markets.[1] The pipeline was initially estimated to cost US$6.7 billion by state-run oil holding Petróleos de Venezuela (Pdvsa), with China expressing interest in financing the project through any its oil companies.[2]

In 2012, Enbridge, which was part of a seven-company consortium conducting pre-feasibility studies on the pipeline, stated that it could be built by the end of 2016.[3]

In 2014, Colombian Vice-Minister of Energy Orlando Cabrales stated that Ecopetrol contacted Enbridge to lay an 800-km pipeline from Colombian central plains to the Pacific coast.[2] The statement suggested that Ecopetrol would be working with Enbridge rather than PDVSA on the project.

There have been no development updates since 2014, and the project is presumed to be cancelled.

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 Venezuela Colombia Oil Pipeline, A Barrel Full, accessed September 2017
  2. 2.0 2.1 2.2 Colombia planifica sin Pdvsa un oleoducto al Pacífico, El Universal, 10 Mar. 2014
  3. 3.0 3.1 3.2 Enbridge sees Pacific coast pipeline possible by end-2016, BNamericas, 14 Mar. 2012

Related GEM.wiki articles

External resources

External articles