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Monday, May 30, 2011

Ecopetrol Plans Converter Maintenance at Colombian Refinery

Ecopetrol SA (ECOPETL), Colombia’s largest oil company, plans to stop work at a fluid catalytic converter unit at its second largest refinery for maintenance in August.

The stoppage at a converter unit at Ecopetrol’s Refineria de Cartagena SA will last 40 days, according to an emailed response today to questions by an official at the refinery, who can’t be identified because of company policy.

Bogota-based Ecopetrol is investing in its Colombian refineries as it embarks on an $80 billion plan to more than double its crude output this decade and sell cleaner fuels.

The refinery on Colombia’s northern coast has the capacity to process 80,000 barrels a day of crude and mainly exports to the U.S. and the Caribbean, according to Ecopetrol’s website.

State controlled Ecopetrol in 2.009 purchased the stake it didn’t own in the refinery from Glencore International AG for $545 million.

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