Via The Economist, a look at Colombia’s oil boom: IT HAS attracted much less attention than the big deep-sea oil finds in Brazil, but Colombia is also enjoying an oil boom. Its output of crude has nearly doubled in the past six years, from 525,000 b/d in 2005 to a daily average of 914,000 last […]
Read more »Via The Financial Times, an update on Ecopetrol, Colombia’s state oil company. As the article notes: “[Ecopetrol] is one of the best examples of a creaky behemoth invigorated by part-privatisation. It is making the most of Colombia’s improved security environment and resilient economy. Ecopetrol’s chief executive Javier Gutierrez has told beyondbrics that production should rise […]
Read more »Via The Financial Times, an interesting article on a recent purchase by Colombia’s Ecopetrol. As the reports notes: “…Ecopetrol has been rummaging around the sale bins for a few years now as part of an aggressive growth strategy aimed at ramping up oil production to 1m bpd by 2015. In 2009, Colombia’s majority state-owned oil […]
Read more »The WSJ’s Annelena Lobb took an interesting look at the public market debut of Colombian state-run energy giant Ecopetrol earlier this week. According to the article, “….Ecopetrol is selling just over a 10% stake in itself over the course of the offering. The initial round is for certain local investors, and lasts until Sept. 25. […]
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