The sea port of Coveñas has seen an increase in its storage capacity to 1.24mmbl following new tanks installed by Ecopetrol (NYSE:EC) and its transport and logistics firm Cenit. The new tanks will also allow the Coveñas facility to export fuel oil.
The last time we did this chart we concocted a marvelous story about Latin American customers wanting their oil without a heavy dose of Bolivarian rhetoric. Maybe we spoke too soon. Maybe not.
Equion supports sustainable poultry production in Casanare, while community members in Trinidad criticize Pacific Exploration & Production (TSX:PRE) for its alleged lack of support in road improvements. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
After nearly two years and the intervention of the Labor Ministry, the USO say that they have forced Petrosantander to the negotiating table, despite the fact the company’s workers are already unionized under a different organization.
Pacific Exploration & Production (TSX:PRE) says that its Puerto Bahía port facilities in Cartagena have officially started operations.
Record production from nearby fields, along with optimized contracts, processes and operations have helped the Barrancabermeja Refinery report operational profits, despite facing a rocky labor scenario within.
Pacific Exploration & Production (TSX:PRE), formerly known as Pacific Rubiales, came out with the surprise announcement that its president and director, José Francisco Arata will retire from his position, effectively immediately.
If the most recent timeframe for the Cartagena Refinery (Reifcar) is correct, the facilities will be finished six years behind schedule, expected to begin operation end-2015 or the first quarter of 2016 and would be the most modern refinery in Latin America. If it is finished on time.
GeoPark has helped develop training programs on IFRS standards, meanwhile the firm also has assisted in the coordination of an educational seminar on free competition. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Ecopetrol’s (NYSE:EC) stock has fallen to historic lows on the Bogota exchange and has also suffered in New York, while the company’s president Juan Carlos Echeverry calls for calm.
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