The Permian Basin, one of the most prolific oil fields in the world, has become the epicenter of Colombia’s latest energy debate. Ecopetrol (NYSE: EC), which holds a 49% stake in the Texas and New Mexico-based project through a partnership with Occidental Petroleum (NYSE: OXY), is once again under pressure from President Gustavo Petro, who insists the company should sell its participation and redirect resources toward clean energy.
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