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Transportation and community issues cut into Ecopetrol production, profits

Wednesday, February 26th, 2014 Category: Eye on Ecopetrol
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Transportation and community issues cut into Ecopetrol production, profits

Ecopetrol (NYSE:EC) saw its production grow 4.5% in full year 2013 to reach 788.2mboed, a number which the NOC said suffered due to transport restrictions and blockades in some communities. The company’s net income fell in the same period by 10.8% to CoP$13.35T.

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