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Ecopetrol Market

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ONGC, Sinopec buy Columbia firm for $850m

The 50:50 joint venture of India's Oil and Natural Gas Corporation and China's Sinopec has acquired Columbian oil firm Omimex de Columbia for $850 million. "Omimex has oil and gas operations......

RIL plans $6-bn investment at Jamnagar

Reliance Industries Ltd, India's largest private firm, will invest $5.5 to 6 billion to raise capacity of its Jamnagar oil refinery to 60 million tonnes by 2009. "The expansion would be completed......

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