Ecopetrol in talks for 10-year Venezuela gas supply deal, CEO says (EC:NYSE)
anamejia18/iStock Editorial via Getty Images
Ecopetrol (EC) is negotiating a 10-year agreement to buy natural gas from Venezuela at a price that would be “very competitive” and “well below” current market levels, CEO Joaquin Gutierrez said Friday during the company’s earnings conference call, according to Bloomberg.