Colombia defines innovative plans for refining and petrochemicals

Ecopetrol plans to increase capacity at its Cartagena refinery to 140,000 barrels per day until 2002. The new production will be for basic streams to supply and stimulate new industries in the petrochemical sector. Investment has concentrated on exploration and production and far less on the rest of the oil sector, but now Ecopetrol will be new financing plans to develop refining in keeping with government guidelines. The Ecopetrol Board approved the development plan for the Cartagena Refinery, this consist of increasing capacity