Colombia awards 49 blocks in auction

Awards: Ecopetrol wins 11 blocks in Colombia auction

Reuters/Scanpix

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News Wires

 21 November 2012 20:29 GMT

Colombia has awarded oil exploration rights for 49 blocks to companies including state-run Ecopetrol and Shell, the government said on Wednesday, and expects them to invest $2.6 billion over four years.

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