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Pacific Rubiales Proves There's Growth in Sustainability

(May 04, 2012)

LONDON, ENGLAND -- (Marketwire) -- 05/04/12 -- Latin America's ambition to become a significant world player knows no bounds. It's a spirit that has proved infectious for the likes of Pacific Rubiales, Colombia's largest independent oil and gas exploration and production company, featured in the May-June edition of World Finance.

One of the region's rising stars, Pacific Rubiales is engaged in a range of exploration and development projects across Colombia, Peru and Guatemala. Listed on the Toronto, Brazilian and Colombian stock exchanges, the company has enjoyed rising production yields and pre-tax earnings for 2011 of $1,974m - a 100 percent year-on-year. Keen to improve up on this figure in 2012, the company has signed a natural gas agreement with Belgian company Exmar. The deal will help establish Pacific Rubiales as a reliable LNG supplier to the whole of Central America and the Caribbean.

Success on such a scale has taken discipline, as Jose Francisco Arata, Co-founder and President, tells World Finance. Outlining how sustainability has come to form the core of the company's strategy, Arata details how the approach has not only improved the ethical content of the company's work but has also helped drive expansion.

Pacific Rubiales' ability to entrench sustainability into the everyday running of its operations has become the model from which all companies in Latin America are looking to aspire, making the region a global leader in best sustainability practice. The full, inspirational story can be found in the May-June edition of World Finance, available now from retailers.

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World Finance
Michael McCaw
+44 (0)20 7553 4156
[email protected]

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