- Owner: The Meta Department government
- Cost: (projected) $1.5 billion
- Start date: First quarter 2015
- Completion date: (estimated) end-2015
- Capacity: Initial capacity 40,000 barrels a day, planned capacity 260,000 barrels a day by 2025
The planned Meta RefineryJuly 14, 2014
By 2025 Colombian local company Petroleos del Llano also known as Llanopetrol will be processing 260,000 barrels of heavy crude per day in its planned refinery, potentially reducing gasoline and diesel imports at a national level.
Llanopetrol, a company majority-owned by the government of the Meta department, an administrative division of Colombia, is targeting an initial capacity of 40,000 barrels a day when refining starts at the end of 2015. Colombia’s National Environmental Licensing Authority (ANLA) awarded a license in May 2014 for the project.
Llanopetrol general manager Ricardo Rodríguez Henao said, “The government of the Meta department was convinced it was necessary to create a refinery, which would improve the lives of the inhabitants by adding value to the production process of extracting oil in Meta.”
The refinery will be built outside of Villavicencio, the Meta department’s capital, and construction is expected to start in the first quarter of 2015. Llanopetrol was established with the main purpose of supporting all commercial and industrial activities related to the construction, implementation and operation of the Meta refinery. Colombia currently has two operating refineries in Cartagena and Barrancabermeja, both owned by Colombia’s largest oil company Ecopetrol.
REFINERY MODERNISATION: The state-run Ecopetrol is in the midst of upgrading its refineries. It is modernising the Cartagena refinery, boosting capacity to 165,000 barrels a day from 80,000 and increasing the percentage of heavy crude in the feedstock to 61 percent from zero. Plans to modernise the refinery at Barrancabermeja will double the share of heavy crude in the feedstock to 70 percent from 38 percent and capacity will remain unchanged at 250,000 barrels a day. The Meta refinery will be Colombia’s largest if the Cartagena and Barrancabermeja refineries do not expand any further.
“The only way to benefit from the raw resources we have in Colombia is to transform them into something valuable,” Henao told TOGY. “If you have a large farm with many acres of grassland, you want to eventually have your own cattle as well. The Meta department is our farm and the refinery will be our cattle,” he said.
TREAT CRUDE: The refinery will concentrate on treating heavy crude, between 9 degrees and 10 degrees API. “There is a scarcity of heavy crude processing capacity in the world, which will give us a distinct advantage in competing internationally,” Henao said. There are also plans to have an asphalt, a fertiliser and a lubricants plant on site.
Llanopetrol is currently training the local population to enable them to work at the refinery. The company will work in co-operation with the National University of Colombia to train 150 students to help them study petrochemistry. The students are later expected to work at the refinery. The company expects to create 10,000 local jobs eventually through this training.
Ecopetrol will supply crude to the refinery although the volumes are yet to be decided. The Meta department is Colombia’s top oil-producing region, constituting 51 percent of the country’s total production capacity.