(Energy Analytics Institute, Piero Stewart, 12.May.2020) — Fuel demand in Colombia has started to recover slightly while refinery loads at the Barrancabermeja are rising, according to comments from Ecopetrol President Felipe Bayón.
Loads at the refinery are now at 140,000 barrels per day (b/d) compared to 115,000 b/d, said Bayón in a Twitter post video, adding that drilling work has also be reactivated at the Rubiales Field.
Oil Production Forecast 2020
Production from the state oil company will reach between 660,000 and 710,000 b/d in 2020, which is lower than volumes of 735,000 b/d in the first quarter of 2020, the official said on 11 May 2020.
“The company is adapting to new prices, lower investments while implementing an austerity plan and reducing costs,” Bayón said.
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