The administration of Ecuadorian President Daniel Noboa on Monday announced a 900 percent increase in tariffs on Colombian oil transiting through its pipeline system, the latest move in an escalating trade dispute.
Ecuadorian Energy Minister Inés Manzano reportedly confirmed the measure in an interview with a local radio station, where she detailed that Ecuador will now charge $30 for every barrel of Colombian oil that transits through its Trans-Ecuadorian Pipeline System (SOTE) oil pipeline — a 900-percent increase from the $3 per barrel it had been charging up to that point.
Colombia immediately condemned the tariff and refuted Noboa’s…
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