January 7, 2010 / 2:03 PM / 9 years ago

UPDATE 1-Pacific Rubiales signs deal to use Ocensa's pipeline

* To use pipeline for 10 years

* To transport 160 million barrels of oil

Jan 7 (Reuters) - Canadian oil firm Pacific Rubiales Energy Corp PRE.TO said it agreed to pay $190 million to Oleoducto Central S.A. (Ocensa) for using the Colombia-based company’s pipeline system.

Under the deal, Pacific Rubiales acquired preferential rights to transport 160 million barrels of oil for a 10-year period beginning Feb. 1.

Shares of the Toronto-based Pacific Rubiales closed at C$14.94 Wednesday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Ratul Ray Chaudhuri)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below