IGBC index lifted by Ecopetrol; peso weakens
Colombia’s benchmark IGBC stock index gained 0.21% to close at 11,621.04 points, led by state-controlled oil firm Ecopetrol, which rose 1.6% to COP2,540 ($1.32) on speculation that its dividend will…
Colombia’s benchmark IGBC stock index gained 0.21% to close at 11,621.04 points, led by state-controlled oil firm Ecopetrol, which rose 1.6% to COP2,540 ($1.32) on speculation that its dividend will…
The different units of Colombia’s state-controlled oil company Ecopetrol SA will borrow as much as $2.3 billion in 2010 to finance capital expenditures, the company’s Chief Executive Javier Gutierrez said…
Colombian state-controlled oil company Ecopetrol SA booked a non-consolidated net profit of 1.69 trillion Colombian pesos ($878 million) in the fourth quarter of 2009, 18% less than in the same…
Ecopetrol on Thursday announced plans to invest $3.558 billion in production this year, reports Portfolio.com. The Colombian state-owned oil company intends to increase production to 600,000 barrels of oil-equivalent per…
Colombia’s state-owned oil company Ecopetrol announced Friday the discovery of new oil reserves in Huila department, western Colombia. Drilling began in October at the Tempranillo North-1 well, in the township…
Colombia’s state-run oil company Ecopetrol announced Monday that its proven oil reserves have increased by 35%, from 1.4 billion barrels in 2008 to nearly 1.9 billion barrels in 2009. The…
Pacific Rubiales Energy Corp. expects the oil output from its Colombian operations to rise to between 400,000 barrels and 500,000 barrels a day within three or four years, the company’s…
The U.S. Export-Import Bank said on Tuesday it has made a preliminary US$1 billion commitment to help finance exports of U.S. goods and services to Colombia’s national oil company,…
Colombia’s benchmark IGBC stock index fell 0.6% on Tuesday, dragged down by a weak U.S. market and lower crude prices. Shares in state-controlled oil firm Ecopetrol fell 1% to COP2,445…