March 17, 2020 / 12:39 PM / 23 days ago

Colombia's Ecopetrol cuts 2020 planned investment by $1.2 bln

BOGOTA, March 17 (Reuters) - Colombia’s majority state-owned oil company Ecopetrol has cut its planned investment for 2020 by $1.2 billion amid the outbreak of coronavirus and the increase in global crude supply, the company said Tuesday.

The oil and gas company now sees its 2020 investment at between $3.3 billion and $4.3 billion. (Reporting by Oliver Griffin; editing by Jason Neely)

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