Ecopetrol concludes Reficar refinery testing

Thursday, December 7, 2017

Colombian state oil company Ecopetrol has completed a global performance test at its Reficar refinery, concluding the final phase of an US$8.1bn facility revamp.

The refinery in Cartagena, on Colombia's Caribbean coast, is now operating at full capacity with "continuous optimization," having produced 144,000b/d of oil derivatives during a 60-day trial period, Ecopetrol said.

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"All units are operating in a synchronized manner and according to design," the statement said, adding that "in 2018 the refinery will be self-sustaining."

According to Ecopetrol, the refinery is now the most modern in Latin America and will deliver Ebitda of more than 500bn pesos (US$166mn) in 2018.

It added that the facility is converting 97.5% of crude input into gasoline, low-sulfur diesel and other "high value" products.