OCP Ecuador Plans Pipeline Extension for Colombia Oil, CEO Says
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Oleoducto de Crudos Pesados Ecuador SA, operator of the nation’s heavy crude pipeline, plans to extend its operations into Colombia as production ramps up, Chief Executive Officer Andres Mendizabal said.
The closely held company, known as OCP, is in talks with at least four Colombian oil producers to connect its Ecuadorean pipeline to their fields and may begin transporting Colombian oil to the port of Esmeraldas by next year, Mendizabal said yesterday in an interview. OCP is also studying the construction of a 700-kilometer (435-mile) pipeline to run from eastern Bogota to Lago Agrio, Ecuador, he said.