source:
http://www.silobreaker.com/reuters-summitupdate-1ecopetrol-eyes-venezuela-local-deals-5_2262299468978192404
Ecopetrol, après avoir acheté Hocol, et d'autres veut s'implanter au Venezuela sur Ayacucho et Carabobo
BOGOTA, May 6 (Reuters) - Colombia's state oil company Ecopetrol said on Wednesday it hopes this month to close its deal to buy Glencore's 51 percent share in a local refinery and its planned 100 percent purchase of the Hocol affiliate of France's Maurel and Prom.
Ecopetrol President Javier Gutierrez told the Reuters Latin American Investment Summit that the company also wants to participate in the Ayacucho heavy crude fields and the Carabobo area in Venezuela as part of its international expansion plan.
Ecopetrol, 89.9 percent owned by the Colombian state with 10.1 percent on public markets, this year has sought to expand its presence outside of Colombia with deals in Peru and Brazil and a bid for exploration blocks in the Gulf of Mexico despite the global financial meltdown.
'Without a doubt the crisis has generated some very interesting perspectives,' Gutierrez said.
He said the slide in oil prices had not crimped the company's objectives for 2015 -- to reach production of one million barrels per day from 460,000 bpd today and become one of the top 10 oil companies in the world.
Some analysts have described Ecopetrol's recent buying spree as 'frantic' after the deals were financed in part by the placement of around $2.3 billion in stock.
Those deals include the purchase of Hocol and Swiss commodity giant Glencore's controlling share in the Cartagena refinery. Together the agreements could reach $1.2 billion when they are closed, Ecopetrol hopes, at the end of this month.
http://www.silobreaker.com/reuters-summitupdate-1ecopetrol-eyes-venezuela-local-deals-5_2262299468978192404
Ecopetrol, après avoir acheté Hocol, et d'autres veut s'implanter au Venezuela sur Ayacucho et Carabobo
BOGOTA, May 6 (Reuters) - Colombia's state oil company Ecopetrol said on Wednesday it hopes this month to close its deal to buy Glencore's 51 percent share in a local refinery and its planned 100 percent purchase of the Hocol affiliate of France's Maurel and Prom.
Ecopetrol President Javier Gutierrez told the Reuters Latin American Investment Summit that the company also wants to participate in the Ayacucho heavy crude fields and the Carabobo area in Venezuela as part of its international expansion plan.
Ecopetrol, 89.9 percent owned by the Colombian state with 10.1 percent on public markets, this year has sought to expand its presence outside of Colombia with deals in Peru and Brazil and a bid for exploration blocks in the Gulf of Mexico despite the global financial meltdown.
'Without a doubt the crisis has generated some very interesting perspectives,' Gutierrez said.
He said the slide in oil prices had not crimped the company's objectives for 2015 -- to reach production of one million barrels per day from 460,000 bpd today and become one of the top 10 oil companies in the world.
Some analysts have described Ecopetrol's recent buying spree as 'frantic' after the deals were financed in part by the placement of around $2.3 billion in stock.
Those deals include the purchase of Hocol and Swiss commodity giant Glencore's controlling share in the Cartagena refinery. Together the agreements could reach $1.2 billion when they are closed, Ecopetrol hopes, at the end of this month.
