Ecopetrol Says Oil Output on Target as Rebel Sabotage Rises
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Ecopetrol SA, Colombia’s largest oil company, expects to meet production targets this year as the government tightens security after an increase in guerrilla sabotage, Chief Executive Officer Javier Gutierrez said.
The company, based in Bogota, plans to produce a daily average of 800,000 barrels of oil and natural gas and add about 400 million barrels of reserves, Gutierrez said yesterday in an interview in the northern Colombian city of Cartagena. More pipeline attacks doesn’t mean rebels regained strength, he said.