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COLOMBIA: Ecopetrol Importing Diesel Due To Pipeline Attacks

COLOMBIA
BulletEM BulletEmerging Market News
  • Ecopetrol said that it is importing 1.64m bbl of diesel as recent attacks to the Cano Limon-Covenas and Bicentenario pipelines have disrupted crude deliveries to its Barrancabermeja refinery. In a statement, Ecopetrol said that it has enough inventories of fuel but as a precautionary measure is importing supplies.
  • Separately, Ecopetrol said that it is planning a $500mn partial pre-payment of the $1bn loan it acquired with international banks due in September 2030. The company said it will make an early payment on Oct 18, using a $250mn credit from Sumitomo Mitsui Banking Corporation and its own resources.
  • No macro data are in the calendar today, with focus on August industrial production and retail sales next Tuesday, followed by the latest economic activity index on Friday. The next BanRep MPC meeting is scheduled for Oct 31.
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  • Ecopetrol said that it is importing 1.64m bbl of diesel as recent attacks to the Cano Limon-Covenas and Bicentenario pipelines have disrupted crude deliveries to its Barrancabermeja refinery. In a statement, Ecopetrol said that it has enough inventories of fuel but as a precautionary measure is importing supplies.
  • Separately, Ecopetrol said that it is planning a $500mn partial pre-payment of the $1bn loan it acquired with international banks due in September 2030. The company said it will make an early payment on Oct 18, using a $250mn credit from Sumitomo Mitsui Banking Corporation and its own resources.
  • No macro data are in the calendar today, with focus on August industrial production and retail sales next Tuesday, followed by the latest economic activity index on Friday. The next BanRep MPC meeting is scheduled for Oct 31.