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Ecopetrol in talks for 10-year Venezuela gas supply deal, CEO says

Published by Seeking Alpha · United States 30 min ago
anamejia18/iStock Editorial via Getty Images
anamejia18/iStock Editorial via Getty Images · Seeking Alpha

Detailed summary

Ecopetrol is negotiating a 10-year agreement to buy natural gas from Venezuela at a price that would be "very competitive" and "well below" current market levels, CEO Joaquin Gutierrez said.

Ecopetrol (EC) is negotiating a 10-year agreement to buy natural gas from Venezuela at a price that would be "very competitive" and "well below" current market levels, CEO Joaquin Gutierrez said Friday during the company's earnings conference call, according to Bloomberg.

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