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Inside Investor

COLOMBIA: Two New Oil Discoveries and Investor Incentives in the Works

COLOMBIA: Two New Oil Discoveries and Investor Incentives in the Works

Bottom Line: The Colombian president unveils plans to eliminate the 8.9% tax on natural gas and other potential initiatives such as free-market gas pricing that will increase investor optimism at a time when shares in state-run Ecopetrol are sliding despite two new oil discoveries.

Analysis:  Riding the optimism over two new oil discoveries at wells in Meta that could produce over 800…

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