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Colombia exports about half of its production, most of it to the United States. Although the share of oil in gross domestic product (GDP) has remained between 2 and 4 percent since 1990, its share of total Colombian exports has been between 20 and 30 percent since 1995, and it has generated important revenues for the nation's public finances ...
The Rubiales Oil Field is an oil field located in the Llanos Basin, Meta Department, Colombia. It was discovered in 1981 and was first developed, operated and owned by Pacific Rubiales Energy . The field produces heavy oil (11.3-14.5° API gravity ) from the C7 unit of the Carbonera Formation . [ 1 ]
By 2001, Pacific Rubiales' most valuable assets were the Rubiales (largest in Colombia) and Piriri oil fields in central Colombia which it operates through Meta Petroleum, a division of subsidiary Rubiales Holdings Limited (RHL). RHL has been 100% owned by pacific Rubiales since 2007 when it purchased the remaining 25% of outstanding shares. [21]
Ecopetrol, formerly known as Empresa Colombiana de Petróleo S.A. (English: Colombian Petroleum Co.) is the largest and primary petroleum company in Colombia. As a result of its continuous growth, Ecopetrol forms part of the Fortune Global 500 and was ranked 346. [ 3 ]
The Petromax design has been often copied, today such as by Tower in China, Lea Hin in Indonesia or Prabhat in India. The current company Petromax GmbH was founded in 2010 by the German entrepreneur Jonas Taureck. [2] Through a number of detours, the Petromax trademark for both Europe and North America came in the hands of this company. It not ...
The Mexican oil expropriation (Spanish: expropiación petrolera) was the nationalization of all petroleum reserves, facilities, and foreign oil companies in Mexico on March 18, 1938. In accordance with Article 27 of the Constitution of 1917 , President Lázaro Cárdenas declared that all mineral and oil reserves found within Mexico belong to ...
The Ehrich & Graetz metalworks was a factory established in 1866 in Berlin by Albert Graetz (1831–1901) and the tradesman Emil Ehrich (died 1887) under the name "Lampen-Fabrik Ehrich & Graetz OHG" (E&G).
It is the successor to Corporación Estatal Petrolera Ecuatoriana (CEPE) which was formed in 1972. [5] In 1973 Ecuador granted Shell Oil drilling concessions. In 1964, Texaco was also invited. From 1977, Texaco became the majority owner (62.5%) until it transferred ownership back to the Ecuadorean state in 1992, maintaining a 37.5% ownership.