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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Comment by Nikolaion Jan 17, 2011 10:51am

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Post# 17983381

RE: Brazil exploration

Manganese & iron demand bode well for multiple EC's Brazilian projects, especially the Mn operation where sales are imminent and demand is key.

Besides China there is strong demand coming from India....

https://au.ibtimes.com/articles/100852/20110114/indian-steel-producers-aggressively-seek-raw-materials.htm

“India needs to secure supplies of manganese ore, a key ingredient in steel, as it plans to increase manufacturing capacity of the alloy by almost 67 percent to 120 million tons by 2012. In that period, the country's manganese ore demand is expected to almost double to 4.5 million tons,” said K.J. Singh, chairman of MOIL Ltd.