Canadian gas and oil producer Pacific Rubiales Energy Corp (PREC) announced that it has closed the acquisition of light oil and pipeline firm Petrominerales Ltd.
Colombia
Breaking News
US-based global private equity firm Advent International signed an agreement to purchase a USD1.1 billion minority stake in Ocensa, Colombia's biggest oil pipeline in terms of capacity.
Petrobras, in a campaign to raise funds for its pre-salt mine exploration, had sold some of its stakes and pipelines in Colombia.
According to sources, signing and enactment of Colombian pension fund decree may be delayed.
Telefonica SA, Spain's top broadband and telecommunications provider plans to hold off initial public offering of Colombia division because of government talks.
The Colombian government is halting any progress by telecom company Telefonica.
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