Carlyle: Ecopetrol eyes SierraCol purchase to boost output, reserves in Colombia
Colombia's state-owned Ecopetrol SA is considering buying Carlyle Group's oil driller in the nation as it looks to boost reserves and output. "We were invited to the process and are analyzing the option," said Rafael Guzman, Ecopetrol's VP of hydrocarbons in an interview.
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Carlyle is a Washington-based investment company that provides services such as alternative asset management and financial advisory for individuals and businesses.
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