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Ecopetrol Looking at Acquisitions ‘This Year’ to Boost Reserves

Ecopetrol Looking at Acquisitions ‘This Year’ to Boost Reserves

Colombia’s Ecopetrol SA plans to expand its oil and gas reserves through acquisitions, while also increasing its presence in the U.S. The state-owned oil company has identified assets that it may consider buying, Chief Executive Officer Felipe Bayon said Friday in an interview at the New York Stock Exchange. “It needs to be the right fit with the strategy and the right valuation,” Bayon said.