Headline | 2/17/2009 12:00:00 AM
Glencore would abandon Cartagena refinery project
Glencore, who became the owner of 51% of the shares in the society with Ecopetrol in 2006, assumed the challenge of expanding the refinery’s production from 80.000 to 140.000 barrels a day. Nevertheless, the project suffered some delays and the Swiss company claimed they were having difficulties financing the project in the middle of the economic crisis. The Colombian government plans to continue with the expansion of the refinery.