Sunday, June 7, 2009

What's Happening in Colombia...

I visited Bogota in May. Ecopetrol (national oil company) is becoming the growth driver for Colombia. Why is this? Well, the government's Plan 2015 will include investments of $60 billion over the next seven years.

Ecopetrol is investing $8 billion dollars to upgrade the Cartagena and Barranca refineries.
And, there is good potential for new aeroderivative gas turbines and gas reciprocating engines for distributed generation.

The country continues to thrive; there is healthy growth and a feeling of optimism. Even the real estate market has not suffered like that of the U.S.

I enjoyed visiting friends and colleagues in Colombia -- a country I spent many years in. I'll go back soon.

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