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Colombia Halts Major Oil Deal with the U.S.

Sector: Oil and Gas • Location: Colombia

Source: La Voce di New York

Project
Cancelled

Colombian President Gustavo Petro ordered the state-run oil company Ecopetrol to withdraw from a $1 billion joint venture with U.S. energy giant Occidental Petroleum due to environmental concerns. The deal was set to produce 90,000 barrels of oil per day and involved expanding operations in the Permian Basin.

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Project Information

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The project “Colombia Halts Major Oil Deal with the U.S.” is an infrastructure initiative in the Oil and Gas sector, located in Colombia. Taiyo aggregates data on it from La Voce di New York.

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Participants

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Status

Original status

Cancelled

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Email

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Description

Description

Colombian President Gustavo Petro ordered the state-run oil company Ecopetrol to withdraw from a $1 billion joint venture with U.S. energy giant Occidental Petroleum due to environmental concerns. The deal was set to produce 90,000 barrels of oil per day and involved expanding operations in the Permian Basin.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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