Colombian Oil Company Increases Exports to U.S

THE JOURNAL RECORD, March 21, 1995 | Go to article overview

Colombian Oil Company Increases Exports to U.S


SAN FRANCISCO _ Plans to export a half million barrels a day of high quality crude oil to the United States were announced Monday by Ecopetrol, the Colombian national oil company, in a move that could signal a strengthening of relations and the development of a strategic partnership between the two nations.

At a major oil industry conference in San Francisco, Dr. Juan Maria Rendon, president of Ecopetrol, said Colombia will be increasing its exports by nearly 200,000 barrels of oil per day to the United States by the end of the year. It will be a new crude oil that will be marketed under the name of Cusiana. By 1997 that figure will rise to 500,000 barrels per day.

When the light "sweet" crude from Cusiana hits the market later this year, it will be considered a prized commodity because of its low levels of sulphur, nitrogen, metals and acidity. Experts have compared it with Nigerian Bonny Light and West Texas Intermediate, touted for their high gasoline yields.

"Colombia can be a reliable and stable economic partner, providing a source of high quality, low sulphur crude oil to American consumers," said Rendon. "Today represents an important opportunity for an expansion in United States and Colombian relations."

U.S. domestic crude oil production fell to 6.6 million barrels a day in 1994, the lowest level since 1954. In fact, U.S. production of high quality low sulphur "sweet" crude will diminish by 700,000 barrels per day across the 1990s. Sweet crude accounts for 20 percent to 25 percent of U.S. oil imports.

"Cusiana crude offers the U.S. market an opportunity to refuel with an oil that provides greater flexibility to refiners in the United States because of the proximity between the two nations," said Rendon. "Shipping time averages just five days."

The need for other Western Hemisphere sources of crude was highlighted in the recent U. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Colombian Oil Company Increases Exports to U.S
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.