Colombia’s state-controlled oil company
Canadian energy transportation company
The transaction, to be concluded Tuesday, will allow
stake in the Ocensa pipeline from 35.3% to 60%,
Ocensa is the country’s main oil pipeline, with capacity to transport as much
as 650,000 barrels per day.
The 829-kilometer pipeline runs from the oil fields of Cusiana and Cupiagua,
which are controlled by
coast.
“This transaction strengthens
transportation business as it acquires the main artery for oil transportation,”
Shares of
stock index climbed 0.7%. The Colombian stock market hasn’t opened yet. (Dow Jones)
