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Wed, 12 August 2009
Ecuadorian Ministry of Oil and Mines has established an internal committee to revise OCP Ecuador’s contract to operate the 500 km Oleoducto de Crudos Pesados Oil Pipeline.
The $US1.4 billion pipeline began operation in 2003. It transports approximately 130,000 bbl/d of crude oil from fields in Amazonia to Esmeraldas on the Pacific coast.
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The pipeline’s shareholders are Occidental Petroleum Corporation, Repsol YPF SA, Petroleo Brasileiro, Perenco Corporation, ENI SPA, and Andes Petroleum – a joint venture between China National Petroleum Corpoation and Sinopec Overseas Oil and Gas Limited.
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Categories: Oil, Policy, South America
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