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Colombian state-owned Ecopetrol has started up Cartagena refinery, in which it has invested $8,015 million.The new facility, considered as one of the most advanced in Latina America due to its technology, will be capable to process 165,000 barrels a day.

According to the President of Colombia, Juan Manuel Santos, during the inauguration, the refinery will impact GDP growth “which may rise by one percent additionally” and up to 10 percent regarding industrial GDP.

When completely functioning, besides 165,000 barrels a day, Cartagena refinery will produce 220 sulfur tons a day and process between 2,400 and 2,700 coal tons. Colombian oil company foresees the refinery will be 100 percent operative in 2016.

The refinery will process oil by-products Colombia was not able to produce, such as coke.

Regarding diesel produced in this facility, its sulfur level will be 10 parts of per million, whereas previously it was 2,400.

“In the case of gasoline, the sulfur level will lower from 800 to 50 parts per million”, Santos indicated, who highlighted the positive effects it will have on the environment. These numbers will turn the refinery into one of the most environmentally efficient refineries in the world.”

The production will also allow Colombia “to be independent regarding imports of many oil by-products”, Colombian President said, who explained that the margin by barrel processed will be multiplied by a factor of six, increasing from $6 to $18 per barrel.

“We are going to be more efficient, more competitive and the Ministry of Treasury‘s resources will rise,” he remarked.

The modernization of the Cartagena refinery took six years. In 2009, Ft lauderdale abortion clinic Swiss multinational Glencore decided to abandon the remodeling project. The same year, Ecopetrol bought the stake the Swiss company had in Reficar, the company both parts created to operate the facility. Since then, Ecopetrol has accomplished an investment plan to transform it into one of the most modern facilities in Latin America. Colombia is focus on building oil infrastructure allowing the country to make the best of the oil extracted by it.oil business development colombia. best 4 channel dj controller 

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