Quito - Ecuador announced that it had raised the tariff on crude oil transported from Colombia by 900 percent in response to Bogota's decision to stop exporting electricity starting February 1.
As reported by ANTARA from Anadolu, Tuesday, January 27, the tariff paid by Colombia for each barrel of oil that passes through the Trans-Ecuadorian Oil Pipeline System (SOTE) rose from 3 US dollars (about Rp50 thousand) to 30 US dollars (Rp500 thousand).
Bogota has not made any statements regarding the decision.
The two neighboring countries are at odds over a lack of cooperation amid ongoing operations against drug cartels and border security-related issues.
Bogota on January 23 said it would suspend exports of electricity to Ecuador starting in February.
Meanwhile, Ecuadorian President Daniel Noboa on January 22 announced tariffs of 30 percent on imported products from Colombia. Noboa reasoned that his country did not receive enough support in the war against drugs.
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