In 2023, Ecopetrol faced an 18.5% hike in oil production costs, even as it pivoted towards renewable energy. This shift signifies Ecopetrol’s evolution from oil production to a broader energy focus. Concurrently, its oil output climbed 4% to 737,000 barrels daily, marking an eight-year peak. The cost per barrel surged to $10.91 from $9.21, a […]
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