The ECOPETROL Is Setting Its Eyes on Asian Market

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<h1>The ECOPETROL Is Setting Its Eyes on Asian Market </h1><strong> Author: <a href='http://www.articleseen.com/profile_pelchat.aspx'>pelchat</a></strong><br /><p>The ECOPETROL claims that its oil production in the following ten years is very likely to double. It adds that the strong demand in China has stimulated the company to transfer more crude oil to Asian countries through <A title="pipe fitting" rel="nofollow" href="http://www.dfpressurevessel.com/heat-exchanger.html">pipe fitting</A> and construction in order to compete with American suppliers. &nbsp; The CEO of this company, Javier Gutierrez announced on 25 that it is possible that the majority amount of crude oil of this company will not be exported to America in the following ten years due to the higher interest rate in Asia. This company is considering transferring oil to a newly opened port in Pacific coast so as to provide raw materials for Asian oil refining factories. &nbsp; Ecopetrol is currently conducting oil and gas exploitation in Columbia, Peru, Brazil and American Mexican Gulf. Gutierrez declares that this company possesses an open market in China and India. The continuous market expansion means significantly to the company. &nbsp; America is also seeking for new crude oil supplier for the reason that traditional oil suppliers such as Mexico, Venezuela and other countries are confronting with severe oil production challenges. The US president Obama has expressed his desire as early as in March to do business with Brazilian oil supplier. &nbsp; The Ecopetrol is exploring oil and gas reserves and expanding its production in Columbia, American Mexican Gulf, Peru and Brazil through oil exploitation and acquisition. This company plans to invest 80 billion dollars in the following ten years. In 2010, the daily oil production of this company was only 615.9 thousand barrels on average and it is expecting to meet the goal of producing 1.3 million barrels of crude oil in 2020. &nbsp; The investment plan of the national oil company in Columbia including constructing an oil <A title="pipe fitting" rel="nofollow" href="http://www.dfpressurevessel.com/heat-exchanger.html">pipe fitting</A> and pipe line worth of 4.2 billion dollars and applicable for 200 years. In doing this, the company will be able to transfer oil to the Caribbean coast from the western oil field in Columbia. &nbsp; Some analysts argue that because the capacity of the fuel transportation can retrain the income and profit during the producing process, this company also needs to construct necessary infrastructure to materialize its goal of export expansion. What Columbia lacks is not oil but the transportation device, facilities and methods. &nbsp; Columbia is the third largest crude oil producing country in South America. The oil production of this company will double in 2020, reaching 20 million barrels per day, owning to the oil production expansion of other national oil companies in the country.</p><strong>About the Author:</strong><br /><P>I've written the content about fashion, women apparels and relationship in the last 3 years. Thesexylingerie is specialized in lingerie for women of all shapes and sizes at very reasonable prices. Check out why so many customers love <A title="pipe fitting" rel="nofollow" href="http://www.dfpressurevessel.com/heat-exchanger.html">pipe fitting</A>.</P> <p> Article Source: <a href='http://www.articleseen.com/Article_The-ECOPETROL-Is-Setting-Its-Eyes-on-Asian-Market_65160.aspx'> http://www.articleseen.com/Article_The ECOPETROL Is Setting Its Eyes on Asian Market _65160.aspx</a></p>

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