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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 ]
In 1983, Occidental and Ecopetrol, the Colombian state-owned oil company, discovered the giant Caño Limón oilfield in Arauca. [17] In July 1996, the company sold its interest in 3 oilfields in the Congo to the Congolese government for $215 million. [18] The following year, it paid $3.65 billion to acquire the Elk Hills Oil Field. [19]
A commercial oil tanker receives oil at a terminal off Iraq. Total revenue of oil and gas companies is listed in billions of U.S. dollars. Total revenue is usually self-reported by the company, and often reported by neutral, unbiased, reliable publications.
During 2013, Ecopetrol fell out of favor with investors, declining around 50% from the high reached at the beginning of the year, and nearly 30% during the last two months of the year. That being ...
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The refinery has a capacity of 75 thousand barrels per day (11.9 × 10 ^ 3 m 3 /d). [2] By 2013, the capacity will be increased to 165 thousand barrels per day (26.2 × 10 ^ 3 m 3 /d). [1]
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