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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

Post by Nikolaion Sep 12, 2009 11:53pm
300 Views
Post# 16301104

Good to see Correa went to bat

Good to see Correa went to bat

at least twice today for the advancement of mining and related matters.

1) This morning's notice:

The National Government prompts the conformación of special economic zones
Source: Presidency of the Republic
Saturday, 12 of September of 2009 10:51 Lloa (Pichincha)
.......There, it maintained that "we are going to continue with the mine in the country, we are not going to yield before senseless that impede it". TMT / Presidential Press.
https://www.elciudadano.gov.ec/index.php?option=com_content&view=article&id=5600:el-gobierno-nacional-impulsa-la-conformacion-de-zonas-economicas-especiales&catid=3:economia

2) This afternoon's notice; Correa addresses the protesters spreading bogus information about the water law which is currently with the National Assembly for approval:

Proxy affirms that you protest against supposed privatization of the water is thing of crazy
Source: Presidency of the Republic
Saturday, 12 of September of 2009 15:27

Lloa (Pichincha).- In the Civic Link 137, that the Head of state, Rafael Strap, emitted from Lloa, did emphasis in clarifying that the Law of the Water -low any circumstance- can be respected privatizing, just as a group of demonstrators against the legal project with Carlos affirmed it Pérez, president of the Confederacy of Organization of the Azuay (FOA), Head. "Créanme that this already is thing of lunatics", the respect told.

The President clarified that its political project has been one of the ones that more have opposed to the privatizations. "That is an insanity, that the Law dá priority to the miners before that to the irrigation, that is a shameless lie", said, showing the Constitution of the State that in its Art. 282, prohíbe the estate and the concentration of the land, as well as the hoarding and privatization of the water and its sources. "¿To who do they want to deceive these bluffers?", was asked.

On the other hand, the Art. 318 of the same constitution, says also that itself prohíbe every form of privatization of the water. "Clearer does not it sing a rooster", emphasized.

It cited besides the Law of the Water, that in the principles declares, in its Art. 3, the privatization every form Prohibition of the water and in its Art. 93 exposes the fraud privatized management Prohibition.

In turn, Jorge Sworn, National secretary of the Water, qualified as incomprehensible the fact that of the Government have that to confront a criticism of this nature when documents writings exist that have been presented to the Assembly and they are evident in the web page of the National Office of the secretary of the Water, in which is clarified on this matter, contradicting categorically the arguments presented by who are opposed to the project. /SD Presidential Press

https://www.elciudadano.gov.ec/index.php?option=com_content&view=article&id=5613:mandatario-afirma-que-protestas-en-contra-de-supuesta-privatizacion-del-agua-es-cosa-de-locos&catid=4:social

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