Colombia’s Oil Company Stays Course With Peace Deal Likely
- Ecopetrol CEO sees no ‘bleak scenario’ for ending conflict
- Peace with FARC would be a ‘plus,’ but plans are unchanged
Ecopetrol CEO Has Confidence in Colombia's Economy, Oil
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Colombia’s largest company says it sees an eventual peace deal with Marxist rebels without a return to violence and plans to maintain its investment plans after Sunday’s failed referendum.
“People on both sides of the vote were agreeing that the cease-fire is positive,” Juan Carlos Echeverry, Chief Executive Officer of Ecopetrol SA, said in an interview at Bloomberg’s global headquarters in New York on Tuesday. “As the national oil company, we expect these talks to resume. We don’t expect a bleak scenario at the end of the year.”