Tag: heavy crude
Ecopetrol gives green light for refinery project
The Board of Directors of Ecopetrol have given the green light to Phase 3 of the Modernization Project of the Barrancabermeja Refinery (PMRB) worth a total investment of USD 3.386 billion. Operations will officially begin on the construction phase of the project, which is scheduled to begin operations in 2016. This project will allow the refinery to increase the conversion factor from 76% to 95%, resulting in the ability to obtain more products, including gasoline and diesel.
