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Carolina Parra of Banco de Bogotá said that the Bucaramanga location represents a “reliable, exclusive, and modern service” for high-end clients.

Ecopetrol has a 50% stake in the discovery, which is lighter than typical heavy Colombian oil, according to the company.

“We cannot afford to lose this industry...I think we can save this marriage," said Orlando Velandia, president of the ANH.

As with the nation at large, most areas of Colombia are struggling to achieve growth. But certain segments and indicators are showing positive signs.

As it celebrates its 32nd anniversary this weekend, the institute announced plans for a new cement laboratory and upgrades at its rock mechanics lab.

On top of the environmental and health risks, Ecopetrol said that 617 wells are out of commission and oil output is down by more than 20,000 barrels per day.

Today's blockades in Santander have led to the loss of oil production while demonstrations in Meta earlier this week became violent.

Once complete, the new hospital "will benefit 100,000 residents of 17 municipalities," said Health Minister Alejandro Gaviria Uribe during a trip to Santander.

Ecopetrol holds a 50% interest in the Magdalena Middle Valley's Boranda-1 well, which is operated and 50% controlled by Canadian exploration company Parex.

The Carrera Verde kicks off in Bogotá on February 19 then heads to Medellín a month later on March 26.