Ecopetrol's Brazilian Bet: A Calculated Gamble or a Smart Move?
Ecopetrol's acquisition of a controlling stake in Brava Energia has sent ripples through Latin America's oil markets, but what does this deal really mean for Colombia's state controlled oil company and the region as a whole?
On one hand, Ecopetrol is expanding its presence in Brazil, a high growth market with plenty of producing assets and future development opportunities. The $1.