Colombia inaugurates Latin America’s most modern refineryStaff writer ▼ | October 24, 2015
Colombian state-controlled oil company Ecopetrol inaugurated a newly expanded refinery.
Energy production 165,000 barrels of crude per day
The upgraded Cartagena Refinery, or Reficar, which will be fully operational by March 2016 at the latest, was revamped and expanded at a cost of slightly more than $8 billion.
The refinery could account for as much as 1 percent of Colombia’s gross domestic product and 10 percent of industrial GDP, President Juan Manuel Santos said at the inauguration ceremony.
Once fully operational, its different units also will process 220 tons of sulfur per day and between 2,400 tons and 2,700 tons of coal per day.
In addition, the refinery will produce oil by-products that Colombia had never produced before, such as coke.
The sulfur content of the diesel it produces, meanwhile, will be 10 parts per million, compared with 2,400 ppm previously. ■