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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Ecopetrol S.A. is an oil company. The Company operates in Colombia, Peru, Brazil and the United States Gulf Coast. The Company's segments include Exploration and Production, Transportation and Logistics, and Refining, Petrochemicals and Biofuels. The Company's Exploration and Production segment includes exploration, development and production activities in Colombia and abroad. The Company's Transportation and Logistics segment includes the transportation of crude oil, motor fuels, fuel oil and other refined products, including diesel and biofuels. The Company's main crude oil pipeline systems' operating capacity is approximately 1.34 million barrels per day (BPD). The Company's main refineries are the Barrancabermeja refinery, which it directly owns and operates, and a refinery in the Free Trade Zone in Cartagena that is operated by Reficar S.A., a subsidiary of the Company. The Company also owns and operates two other minor refineries: Orito and Apiay.


NYSE:EC - Post by User

Comment by geezerbutleron Oct 01, 2010 9:01pm
271 Views
Post# 17520501

RE: Tempest in Ecuador

RE: Tempest in Ecuador
Ecuador revolt: Attempted coup or uprising?

QUITO, Ecuador — It was the biggest test of Rafael Correa's nearly4-year-old presidency, a bloody trial by fire for a tenacious politicianwhose popular government had brought relative calm to a chronicallyunstable country.

The Ecuadorean leader called the police revolt,which caused four deaths, injured nearly 200 people and brieflyparalyzed this Andean nation, a coup attempt. Not an outlandish claimfor a country that had eight presidents in 10 years before Correa wonoffice.

Correa's kindred leftist presidents, Hugo Chavez ofVenezuela and Evo Morales of Bolivia, even accused the United States ofpulling the strings behind the insurrection at an emergency meeting ofSouth American leaders on Friday in Buenos Aires, Argentina.

Butskeptical analysts said Thursday's tumult appeared instead to be arevolt that spiraled out of control by hundreds of modestly paid policeofficers protesting cuts in benefits.

"You can't dismiss thepossibility that some opposition figures knew about it and supported it.But if it was a coup attempt, it was hugely amateurish," said AdamIsacson of the liberal Washington Office on Latin America think tank.

Analystsalso tended to agree that Correa, a U.S.- and European-educatedeconomist, emerged strengthened from the first violent challenge to hispresidency in a traditionally volatile country of 14 million with a longhistory of short-lived governments and of meddling by Washington.

more ......

https://www.google.com/hostednews/ap/article/ALeqM5jKctbMk78vLE0q6KDZ3lYyL63y2wD9IJ7IMO0?docId=D9IJ7IMO0

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