Colombia's national oil company expects net profit of 4 trillion to 5 trillion pesos in the third quarter.

Colombian National Oil Company (ECOPETROL) expects its net profit for the third quarter to be between 4 trillion and 5 trillion pesos. As a core pillar in Colombia’s domestic energy industry, the company’s financial performance is typically closely linked to international oil price fluctuations as well as the operational status of its own oil and gas extraction and refining capacities. This profit forecast also, to some extent, reflects the overall operating environment of the current regional energy market.