Colombian President Cancels Oil Joint Venture With U.S. Company ...Middle East

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Colombian President Cancels Oil Joint Venture With U.S. Company
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Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter to his energy policy efforts, which center on the transition away from hydrocarbons to alternative sources of energy. “I want that operation to be sold, and for…

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