Ecopetrol’s (NYSE:EC) Cartagena Refinery (Reficar) has shown recent, serious advances, but there is little good news from another problematic refinery construction, this one an ethanol plant from the NOC’s biofuels subsidiary, Bioenergy. And critics ask whether the mistakes continue.
President Juan Manuel Santos was on hand to receive the first shipment of crude destined for the modernized Cartagena Refinery (Reficar), with full capacity expected for the first half of next year.
A modernized and functioning Cartagena Refinery (Reficar) appears to be close, and the refinery is expecting to have a substantial impact on the general economy, although how much is debatable.
A regional military publication profiled the Colombian armed forces troops assigned the task of protecting the nation’s pipelines from guerrilla attacks, and detailed some of the collaboration with other government agencies on the environmental cost.
Low water levels on the Magdalena River have complicated the potential of the recently opened waterway to be used as a transport corridor, resulting in losses for shipping companies and higher costs for Ecopetrol (NYSE:EC).
Ecopetrol (NYSE:EC) has confirmed that it has fired up its industrial services units at the Cartagena Refinery (Reficar), another step towards a full operational launch of the long-delayed project.
The Senate’s Sixth Commission held a debate on the legal framework for oil companies regarding roads, and said that the current laws for rural backroads are not doing enough to serve the community in producing regions.
The Ministry of Mines and Energy is preparing a decree which it says is necessary to stimulate the construction of gas pipelines through direct state intervention and tenders. But private industry says the problem is in the regulations.
Industry and community representatives complain about how poor road quality in Caquetá affects business, meanwhile a special hearing will be held to decide if Pacific E&P (TSX:PRE) is responsible for damage on the Corocoro-Cravo Norte highway. These and other stories in our periodic roundup of road-related issues.
After much local fanfare to call for a modernization of the Barrancabermeja Refinery, Ecopetrol (NYSE:EC) reaffirmed that it would enact projects in stages to improve the facilities.
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