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Ecopetrol says the main purpose of the the new subsidiary “will be energy generation, conversion, and marketing."

Earlier this month in Canada, the Caribbean city of Barranquilla was nominated to join the World Energy Cities Partnership (WECP). It is to be the 20th city worldwide and the third from Latin America to be included in the collaborative initiative to promote sustainability and...

The two state oil companies have already partnered to look for resources off the coast of Mexico.