Lower oil prices could sink Ecopetrol’s full-year profits by $2.8 billion, president warns

By Nelson Bocanegra BOGOTA (Reuters) – Lower oil prices could reduce Colombian state-run oil firm Ecopetrol’s profits by up to 12 trillion pesos ($2.76 billion) this year, the company’s president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists…

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