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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Ecopetrol ADR Representing 20 Ord Shs V.EC


Primary Symbol: EC

Energy Oil & Gas Integrated
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

Ecopetrol ADR Representing 20 Ord Shs
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Post by Nikolaion May 17, 2009 5:46pm
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Post# 15999086

Mining Law newsletter and other stuff.

Mining Law newsletter and other stuff.

Ecuador mining industry is featured on pages 12-14. The newsletter is produced by the International Bar Association. There is quite a bit of room for Ecuador to continue to negatively impact the prospects of mining and exploration companies. The final conclusion is interesting given the volume of concerns and barriers.

https://www.mcguirewoods.com/news-resources/publications/international/Mining_Law_April_2009.pdf



*******

Another news tidbit; petro-pimp Correa is unable to attact bids for oil seized relative to their horrid windfall tax.

https://www.reuters.com/article/marketsNews/idUSN1630982020090516

Ecuador fails to sell oil seized from Perenco

Sat May 16, 2009 1:19pm EDT

*******


Finally, DMM indicated in their Q1 MD&A the Ministry of Mines and Petroleum is expected to release regulations under which the new Mining Law will operate by the end of May, 2009. Thanks again to DMMwatcher1 for pointing this out.

Bullboard Posts
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