The construction of the pipeline costs $300 million.
Ecopetrol asked for help from PDVSA because it lacks the resources to finance the building of the pipelines by itself.
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Venezuela, Colombia To Jointly Build Gas Pipeline
Venezuela and Colombia have agreed to build a 200 km gas pipeline running from Colombian offshore gas wells to facilities
Venezuela and Colombia have agreed to build a 200 km gas pipeline running from Colombian offshore gas wells to facilities in Venezuela's oil-rich city of Maracaibo, Venezuelan officials said on Tuesday.
The deal was struck between the two countries' national oil companies Petroleos de Venezuela (PDVSA) and Colombia Empresa Colombiana de Petroleo (Ecopetrol).
The construction of the pipeline costs $300 million.
Santiago said some technical problems remained to be settled but if the first phase works well, the companies would undertake a second phase to extend the pipe to some Venezuelan gas wells.
Ecopetrol asked for help from PDVSA because it lacks the resources to finance the building of the pipelines by itself.
The construction of the pipeline costs $300 million.
Ecopetrol asked for help from PDVSA because it lacks the resources to finance the building of the pipelines by itself.
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