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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 Nikolaion Jun 12, 2009 7:50am
292 Views
Post# 16064938

RE: message from Mj Daniel

RE: message from Mj Danielthanks, next week's developments should put the SP back on track as well as hearing more from the company NR about some positive developments in Brazil.

For Ecuador, pres. Correa and Obama had a brief talk the other day which was reported in El Comercio (https://www.elcomercio.com/default.asp) front page. Correa is interested in recogition so it's helpful to see Chile and the US dealing with his government. No doubt US officials are trying other avenues as well as the Canadian trade minister as we've seen. Nevertheless, Ecuador needs to get on with its committment to announce reasonable rules ASAP, having missed their self-imposed May deadline.

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