THE GOVERNMENT.
THE GOVERNMENT approved construction of a US$1.1 billion oil pipeline to be built by OCP (processor) OCP - Order Code Processor. Ecuador, a venture between U.S.-based Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. , Kerr-McGee, Canada's Alberta Energy, Sapin's Repsol YPF Repsol YPF, S.A., (IBEX-35:REP) is an integrated Spanish oil and gas company with operations in 29 countries, the bulk of its assets are located in Spain and Argentina. The product of a 1999 takeover of Argentine energy firm YPF by the Spanish conglomerate Repsol S.A. and Italy's Agip. The pipeline is expected to double Ecuador's oil transport capacity.
COPYRIGHT 2001 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion