Carlyle Group (NASDAQ:CG) is seeking a buyer for its Colombian oil producer SierraCol for ~$1.5B, Reuters reported Thursday.
The decision to cancel the deal has already caused ripples in Colombia and beyond. On Monday, Ecopetrol announced the extension of its partnership with Occidental Petroleum, and the company’s ...
Colombia's President Gustavo Petro has instructed state-run oil company Ecopetrol to cancel its joint venture with the US-based Occidental Petroleum (Oxy) due to environmental concerns.
saw its shares rise 2% on Tuesday following the announcement of its deal with Occidental. However, they fell slightly after Petro called for the agreement's cancellation. Colombia has refused to ...