Colombia’s Caño Limon pipeline suspended after rebel attacks
Two rebel bomb attacks have halted pumping operations along Colombia’s second most important oil pipeline, the Caño-Limon Coveñas, state oil company Ecopetrol said on Monday.
Two rebel bomb attacks have halted pumping operations along Colombia’s second most important oil pipeline, the Caño-Limon Coveñas, state oil company Ecopetrol said on Monday.
Colombia is Latin America’s second most unequal country in the Americas after Honduras, according to updated World Bank statistics.
Colombia’s Superintendency for Transport has fined taxi service Uber for providing unauthorized taxi services, the state entity announced Monday.
Colombia’s state-run oil company Ecopetrol lost $1.2 billion in 2015 mainly because of dropping global oil prices, the company said Monday.
Union workers at Colombia’s largest coal mine, Cerrejon, have voted in favor of a strike amid a dispute with the company over wages and benefits.
Colombia faces severe power shortages and possible blackouts in the next two months, according to the Office of the Comptroller General.
Colombia’s unemployment rate rose 1.1 percentage point to 11.9% in January compared to the same month last year, according to the country’s statistics agency.
Colombia President Juan Manuel Santos on Monday announced his administration has cut this year’s government budget with 3% amid an economic slowdown caused by a drop in global oil prices.
Colombia’s peso bucked a rally in Latin American currencies on Wednesday after Standard & Poor’s said it could downgrade the country’s “BBB” rating.