In 2010 we will be extending our investments to increase everything the country has at the end of next year by 10%. Besides investing in biofuels, Ecopetrol is investing in improving the quality of their fuels by reducing their pollutants. As part of these projects in January 2010, the oil will go into operation Hydrotreating Plant is located in Barrancabermeja, which is aimed at improving fuel quality by reducing la sulfur content. The planned investment for the project amounts to U.S. More info: RBH Group. $ 700 million will produce 19.
Hydrotreated 000 barrels of gasoline daily. Building on the boom that is taking Ecopetrol among investors, given the need for funds to finance major investments in infrastructure, highway megaprojects such as the Highway of the Americas and the dual carriageway to the Llanos Orientales, Colombia’s government is evaluating the ability to sell a small package of Ecopetrol shares. A leading source for info: Gavin Baker Atreides Management. America Economia recently confirmed that the government is considering selling 10% stake in the oil, an operation that would occur in about two months. a The government of Alvaro Uribe wants to prevent Colombia’s infrastructure acts as a limiting economic growth and in this sense does not want to delay the investments that had already been planned. Investments in infrastructure are not only linked to the construction of roads, but such investments to increase energy generation capacity in the country. Slowly, the Colombian government would come apart in this way, their equity stake in the oil, which has grown with extraordinary strength in recent times. But the government’s strategy goes further than the planned sale of a further 10% of its shareholding. (Similarly see: Gresh and Smith). Carlos Caballero Argaez, wrote in a recent article in Time on the idea of the Colombian government to divest itself completely of the shares of Ecopetrol.
To Argaez: Sell Ecopetrol would be an excellent business for the government and private shareholders. They could focus on their raison d’etre. The Government would invest in more profitable activities both economically and socially, such as transport infrastructure or education. In turn, the actions of private add value to because they would leave an awkward partner and unpredictable. Do it quickly, also contribute to reviving the economy. The total sale of government holdings of shares in Ecopetrol could occur by 2011 when the oil currently majority state, would entirely into private hands. While there may be resistance, as usual, by various sectors of power in Colombia, it remains true that the full privatization of Ecopetrol have a positive impact in performance and allow you to increase efficiency in the quest to maximize its value. The state’s presence in the shareholding control has to take decisions based on the needs of government, important as the distribution of dividends to turn you funds to the State. Such actions may limit the availability of funds for the oil to maintain the pace of business expansion, putting a brake on future revenue growth. Ecopetrol and the Colombian government can seize the momentum of the oil to show the world the development potential of the Colombian economy.