October 30, 2019 / 1:48 PM / 16 days ago

Colombia's Ecopetrol says 2019 investment could be as high as $5 bln

BOGOTA, Oct 30 (Reuters) - Colombia’s state-run oil company Ecopetrol said on Wednesday that its investment spending this year could reach between $4.4 billion and $5 billion, including investments in projects in the United States and Brazil.

Organic investments will total up to $3.9 billion, Chief Executive Felipe Bayon said during a call with investors, while investments in Brazil and in a joint venture with Occidental Petroleum in the Permian Basin in the United States are set to reach between $900 million and $1.1 billion. (Reporting by Julia Symmes Cobb; Editing by Susan Fenton)

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