Hernan Martinez October 20, 2013 at 8:12 am

The Minister of mines and energy, Hernan Martinez, announcing the positive impact that the increase of the reserves will be in the Colombian economy: this will allow us to keep away the loss of oil self-sufficiency, which currently lies toward the year 2017. This finding was just confirm belongs to the Rubiales oil field, in the Department of Meta, according to official confirmation that was broadcast by Caracol Radio. With this finding, target will be transformed into increased production of the country’s oil complex. The oil field will not delay too much to produce since according to La Republica detailed, the commissioning of the pipeline which is expected for August and September this year, will enable it for the start of its production. The region will begin to produce 120,000 barrels per day of heavy oil, increasing in 2010, to 170,000 barrels per day, Turning the complex into increased production in Colombia. In addition to the increase of oil reserves, the combination of the gasoline with a percentage of ethanol that the Colombian Government is driving will increase the autonomy of the country’s oil resources while contributing to the reduction of the polluting effects of emissions.

As stated Martinez to the Republic: today day a little more than 80 percent of the gasoline consumed in the country already has a mixture of 10% ethanol. In 2010 we will be extending this, to reach that nationwide has a 10% at the end of next year. In addition to investing in biofuels, Ecopetrol is investing in improving the quality of its fuels by reducing its polluting elements. As part of these projects, in January 2010, the oil company will put in operation the Hydrotreating plant to be located in Barrancabermeja, which is intended to improve the quality of fuels, by the reduction of the contents sulphur. The planned investment for the project amounts to US $700 million and will produce 19,000 barrels of gasoline hidrotratados daily.

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