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CGR accuses ECP of incurring losses due to poor management

Wednesday, April 15th, 2015 Category: Regulations & Policy

The General Comptroller (CGR) says that Ecopetrol (NYSE:EC) has incurred a CoP$16.5B (US$6.5M) loss due to poor control and contract management when receiving fields being operated by other operators, amounting to a loss of state resources, a charge which the NOC denied.

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