Cardenas Wants Ecopetrol Borrowing More Than 50% Local
(Correct spelling of Cardenas in second paragraph.)
Colombian Finance Minister Mauricio Cardenas said he wants state-controlled oil company Ecopetrol SA to raise more than half of its $2 billion 2013 financing needs locally this year.
The “great majority” of the borrowing will be done locally, Cardenas told reporters in Bogota.
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