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GMT and Pacific Rubiales Announce the Execution of a Heads of Agreement for a Five Year LNG Sales Contract
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) (BOVESPA: PREB) and Gazprom Marketing & Trading Limited ("GM&T") are pleased to announce the execution of a Heads of Agreement ("HOA") for the negotiation of a five year Sale and Purchase Agreement ("SPA") for approximately 0.5 million tons per year of liquified natural gas ("LNG") FOB Colombia (Caribbean Sea) beginning in the second quarter of 2015. The HOA includes the key commercial terms of the SPA, which the companies will negotiate on an exclusive basis within the next nine months. As agreed under the HOA, Pacific Rubiales will procure an LNG Floating Storage Unit ("FSU") of a minimum size of 138,00m3.

date.png06 Nov 2013 12:41 | comments.png 0 Comments | tags.png colombia gazprom lng pacific rubiales s-america [ More ]

ECOPETROL, Pacific Rubiales And Petrominerales Announce Closing Of COP$ 2.1 Billion Debt Facility For The Araguaney To Banadia P
ECOPETROL (BVC: ECOPETROL; NYSE: EC; TSX: ECP), Pacific Rubiales Energy Corp. (TSX: PRE; BVC: PREC; BOVESPA: PREB) and Petrominerales (TSX: PMG; BVC: PMGC) are pleased to announce that Oleoducto Bicentenario S.A. (Bicentenario) has closed a debt facility for approximately US$1.2 billion, the equivalent of COP$2,100,000 million in Colombian Pesos. The loan has been provided by a syndicate of ten Colombian Banks. Bicentenario is a specialpurpose vehicle owned 55.97% by Ecopetrol S.A., 32.88 % by Pacific Rubiales Energy, 9.65% by Petrominerales, and the remainder owned by other E&P companies operating in Colombia.

date.png11 May 2012 14:01 | comments.png 0 Comments | tags.png colombia ecopetrol pacific petrominerales pipeline rubiales s-america [ More ]
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