South-South Cooperation Triangle -- Colombia, Peru & Brazil

BOGOTA -(Dow Jones)- Colombian state-controlled oil company Ecopetrol SA ( ECOPETROL.BO) said Tuesday it has agreed to buy stakes in two oil blocks in Peru from Brazilian oil company Petroleo Brasileiro SA (PBR).

In a statement, Ecopetrol said it bought 50% of a block in the eastern Peruvian Amazon jungle and 25% in a second one, located in the country's southeastern jungle.

Both companies will search for oil and gas in the two areas together. The acquisitions need to be approved by Peruvian authorities, Ecopetrol said.

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I know weird right??? CNN Money ran this story. Well I guess it was from Dow Jones originally hehe.

Canada and Colombia -- Ecopetrol to purchase Enbridge stake in Ocensa pipeline

Colombia's state oil company Ecopetrol (NYSE: EC) will purchase a 24.7% stake held by Canada's Enbridge (NYSE: ENB) in the Ocensa pipeline in Colombia for US$418mn.

Ecopetrol's stake in the pipeline will increase to 60% as a result of the transaction, Ecopetrol said in a statement.



The transaction will strengthen Ecopetrol's position in the oil transport industry and allow it to increase output in the Eastern Plains region of Colombia.

BNAmericas