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Reficar continues to drive Ecopetrol’s refinery business

Tuesday, December 13th, 2016 Category: Downstream & Pricing
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Reficar continues to drive Ecopetrol’s refinery business

Ecopetrol (NYSE:EC) 3Q16 results let us see into the impact that Reficar is having on the NOC’s business. The graph also sheds light on our assumed relationship between increased refining activity and ECP’s exports.

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