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LatinNews Regional Monitor: Andean Group - 27 February 2019

In brief: Colombia

* Colombia’s state-owned oil company, Ecopetrol, has released figures which show that net profits in 2018 totalled Col$11.6trn (US$3.72bn) – the highest of the last five years and nearly double the profit registered in 2017. An Ecopetrol press release attributes the result to “capital discipline and an efficiency plan” and notes that it met its production goal last year, reaching average output of 720,000 barrels of oil per day equivalent.