Commodities

Ecopetrol to Avoid Asset Freeze in $3 Billion Tax Dispute

Employees walk through an Ecopetrol refinery in Cartagena, Colombia.

Photographer: Mariana Greif Etchebehere/Bloomberg

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Colombia’s tax agency has ruled out freezing assets belonging to Ecopetrol SA during the ongoing $3 billion VAT dispute, according to a senior official at the state oil producer.