Now a larger problem than attacks on pipelines or facilities, the illegal drug and mining trade and groups linked to the ELN guerrilla which steal crude using illegal valves has become one of Ecopetrol’s (NYSE:EC) primary concerns, and the activity also damages the ecosystem.
The USO said that by appointing Luis Guillermo Vélez Atehortúa as head of Ecopetrol’s health administration, Juan Carlos Echeverry made a ‘tactical’ move to begin to diminish the guarantees of the 70.000 users of the health system, embodied in the collective labor agreement.
Ecopetrol’s and Pemex’s board of directors had a successful meeting where they shared their corresponding business plans as well as valuable experiences.
Juan Carlos Echeverry, Ecopetrol’s (NYSE:EC) current president apologized for the Reficar and Bioenergy cases.
A spill registered at the Rubiales field forced Ecopetrol (NYSE:EC) to activate its contingency plan and caught the attention of national environmental authorities.
Ecopetrol’s export distribution remains virtually unchanged from 2Q16 and has been essentially stable throughout 2016.
Ecopetrol (NYSE:EC) said that it has been able to set new records for its drilling times and costs in the Rubiales field, dropping times by 22% and costs by 20%. The NOC also highlighted the benefits the campaign has brought to local hires.
Both the Minister of Mines and Energy Germán Arce and Ecopetrol (NYSE:EC) president Juan Carlos Echeverry were present at the IX installment of the Barrancabermeja Oil Congress, “Beyond Oil”. Both also praised the operation in the city and its refinery, but Echeverry was clear no modernization is planned.
Ecopetrol (NYSE:EC) said that its 2016 Round to award smaller or non-strategic fields was successful, receiving US$53.4M in bids for assets in Catatumbo, Putumayo, Middle Magdalena and Meta.
Ecopetrol (NYSE) said that November has brought an “onslaught” of attacks and illegal valves affecting the Transandino and Coveñas/Caño Limon pipeline, part of an increased pace of incidents over the last two months.
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