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United for Ecopetrol campaign pounces on MinHacienda letter

Wednesday, March 23rd, 2016 Category: Regulations & Policy

A letter submitted to congress from the Finance Ministry (MinHacienda) detailing the government’s stake in Ecopetrol (NYSE:EC) and another 29 state owned firms sparked alarms form the recently launched “United for Ecopetrol” as proof the government plans to privatize the NOC. The ministry said it is a routine and legally mandated letter submitted each year.

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