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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 CrashLandingon Sep 24, 2009 9:48am
246 Views
Post# 16334523

RE: RE: RE: RE: Crash is all wrong!

RE: RE: RE: RE: Crash is all wrong!The world is going green people.  No local community is going to sit idly by if they think that their water could be polluted with cyanide or other harmful chemicals.  The environomentalists and NGO are constantly sticking their two cents in.  The government will not "crush" their citizens for the benefit of a big foreign multi-national. 

Just because these people live in Ecuador does not mean they are desparate or stupid.  Look at all the convincing and bargaining that Canadian companies have to go through where the indian First Nations are concerned.

If Kinross was going to build a cyanide leaching plant on your street, would you sit idly by.  If a garbage dump was going to be put into your neighbourhood would you sit idly by.  I don't think so.
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