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Stock impact report

Colombia's Petro Seeks Deal to Let Ecopetrol Produce Venezuelan Oil and Gas [Financial Post (Toronto, Ontario, Canada)]

Ecopetrol S.A. American Depositary Shares (EC) 
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Colombia is working on a deal to produce oil and natural gas in Venezuela, President Gustavo Petro said following a trip to Caracas. 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. Article content Article content 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 Gua Show less Read more
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