Advanced Search

LatinNews Daily - 14 August 2019

In brief: Colombia’s Ecopetrol records significant profits

* Colombia’s state-owned oil company Ecopetrol has recorded net profits of Col$6.2trn (US$1.8bn) in the first half of 2019, the highest profits registered for the first half of a year since 2013. Profits grew 1.6% during January-June 2019. Total sales also grew 8.3% from Col$31.6trn in the first half of 2018 to Col$34.2bn in the same period this year, with a production of 726,000 barrels of oil per day – up 2% from production rates during the first half of 2018.