Colombia's Petro Seeks Deal to Let Ecopetrol Produce Venezuelan Oil and Gas [BNN Bloomberg (Canada)]
Ecopetrol S.A. American Depositary Shares (EC)
US:NYSE Investor Relations:
ecopetrol.com.co/wps/portal/web_es/ecopetrol-web/corporate-responsibility/sustainability/bank-of-best-practices/investors
Company Research
Source: BNN Bloomberg
State-controlled Ecopetrol SA could develop “high quality” oil and gas in western Venezuela under the agreement, while Colombia could export clean energy to its neighbor, Petro said Wednesday, in a video published by the presidency. Petro flew to Venezuela on Tuesday for his fifth meeting with President Nicolás Maduro since 2022. The trip was preceded by friction between the two allies, after Petro last month criticized Maduro's government for blocking the main opposition leaders from the presidential election in July. Petro said the oil and gas would be developed in Venezuelan fields near the Colombian province of Norte de Santander, while electricity would be provided from La Guajira province on Colombia's Caribbean coast. Petro was elected in 2022 on a pledge to phase out fossil fuels, and his government has declined to award exploration licenses to oil companies. Read more: Dirty Venezuelan Fuel Imports Threaten Petro's Green Credentials Colombian exports to Venezuela w
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EC
News
- Colombia oil output closing in on 800,000 bpd, regulator head says [Reuters]Reuters
- UPDATE 1-Canacol Energy not in talks with Ecopetrol over gas assets -chief executive [Yahoo! Finance]Yahoo! Finance
- Canacol Energy not in talks with Ecopetrol over gas assets -chief executive [Yahoo! Finance Canada]Yahoo! Finance Canada
- Canacol Energy not in talks with Ecopetrol over gas assets -chief executive [Reuters]Reuters
- Canacol Energy not in talks with Ecopetrol over gas reserves -chief executive [Yahoo! Finance]Yahoo! Finance
EC
Sec Filings
- 5/13/24 - Form 6-K
- 5/10/24 - Form 6-K
- 5/8/24 - Form 6-K
- EC's page on the SEC website