IKN

Win us with honest trifles

Colombia’s oil production numbers drop again in August, now negative YoY growth

It’s another round of the cat ate my homework from Juanma Santos and his “million barrels by end of 2011 by March 2012  in two months time won’t be long now honest errr…I’m not really sure any more” as Colombia’s ANH bureau supplied preliminary figures of 918,000bpd for August production, which looks like this on our tracking chart:

And perhaps more tellingly, looks like this (-3.27% YoY) in our month-to-month percentage growth rates:
Then there’s another twist in the tale, because on this report the blame is put on “maintainance for the central oil pipeline” but in other reports, the blame is put on terrorist attacks on infrastructure. C´mon guys, get your excuses in line at least…

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