Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) hereby informs that, on the occasion of its withdrawal from the electric energy commercialization activities, derived from the acquisition of 51.4% of the outstanding shares of Interconexión Eléctrica S.A. E.S.P. and in compliance with the energy regulation in Colombia, it entered into an electric energy commercialization contract with Gecelca S.A. E.S.P. to meet the non-regulated energy demand of the Ecopetrol Group.
(Bloomberg) -- Colombia’s state-controlled oil producer Ecopetrol SA is proposing to dilute a planned oil export tax that is a major part of President Gustavo Petro’s economic program. Most Read from BloombergAnshu Jain, Deutsche Bank Chief in a Pivotal Era, Dies at 59Every Wall Street Trend Goes Haywire as Stock Bears Are CrushedExtreme Heat Uncovers Lost Villages, Ancient Ruins and ShipwrecksTrump Search’s Revelations Open New Political Front for MidtermsMorgan Stanley’s Shalett Warns of ‘Head
Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Gorgon-2 well proved the presence of gas in ultra-deep waters in the southern Colombian Caribbean, confirming the importance of this province for gas exploration in this area of the country.