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The wells are held jointly with U.S.-based Occidental Petroleum Corp. and have hit a combined 2,800 barrels per day in testing.

Zurich expects the transaction to be finalized “by the end of 2018” and funded by internal sources.

Citibank operations in Colombian include 500,000 customers, 47 branches, and 424 self-service access points in Colombia.

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.