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Echeverry links exploration activity to state take

Monday, November 23rd, 2015 Category: Regulations & Policy
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Echeverry links exploration activity to state take

Ecopetrol (NYSE:EC) president Juan Carlos Echeverry has in the past defended what others consider high taxes on oil companies, but in a recent report a national radio chain says he sees the nearly 70% state take as being a barrier to foreign investment, affecting in particular exploration wells.

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