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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 Oct 28, 2009 8:05pm
335 Views
Post# 16433244

Mining plan being rolled out

Mining plan being rolled out

in Zamora....

Effort aims at mining parishes

October 28, 2009


The Encounters and Tundayme have State Emerging Plan by being zones of influence of the mining activity.


Zamora, La Hora


[photo caption: Coordination. Provincial authorities met yesterday in the installations of the MAGAP.]

The parishes Tundayme (The Pangui) and The Encounters (Yantzaza), characterized by being headquarters of the largest mining projects of the province, they will constitute the center of attention of the governmental aid, according to the features of the meeting of authorities maintained yesterday. Mariuxi Flores, provincial organizer of the Office of the secretary of the Towns and Civic Participation, indicated that in coordination with other institutions has elaborated a Plan of State Emerging Action destined to the zones of influence. This program, added the official, was delivered the President of the Republic, Rafael Correa during his recent visit to the province and he understands specific activities to medium and long time limit.

"We expect they can be summarized and for it we need special resources", underlined, to the time to mention that the support of companies counts on itself as the Regional Direction of Mining Industry and the Institute for the Ecodesarrollo of the Amazon Region. Estanislado Eras, provincial director of the Department of Agriculture, Stockbreeding, Acuacultura and Fishing (MAGAP), affirmed that in previous meetings was acquired already commitments with the communities. It referred that the idea is to intervene with productive projects, training and technical support, for which new sessions of work in both parishes will be maintained and to prioritize the requests of the population. The projects of the MAGAP will be oriented, among others environments, to the stockbreeding, upon considering that according to the farm census, around the 80% of who they are dedicated to the productive activity are cattle raisers. "The Department of Agriculture will invest in the projects when already have the resources that come from the intervention of the mining businesses, for which we are working with Senplades (National Office of the secretary of Planning and Development)", expressed. Napoleon Valdivieso, local coordinator of the Binational Plan, affirmed that will intervene in two specific projects in the zones of mining influence, while since the Senplades tries to avoid the duplicity of efforts among the institutions. The first one of the projects is the laid out one of sewer system for the neighborhood Muchime and treated water for the neighborhood Nankais, both localities located in the parish The Encounters, although is specific the total to invest.

Mining industry

Mining Projects -In the jurisdiction of the parish The Encounters is found in phase of exploration the project mining Condor, that is prompted for the company Kinross Aurelian -In the territory of the parish Tundayme the company is located ECSA, whose project Mirador, also is in phase of exploration.

https://www.lahora.com.ec/frontEnd/main.php?idSeccion=950878

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