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Ecopetrol Will Avoid Freezing Assets in Fiscal Dispute for Us$3 Billion
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The Colombian tax agency has ruled out freezing the assets belonging to Ecopetrol (ECOPETL) during the ongoing US$3 billion VAT dispute, according to a senior official of the state oil company. Financial director Camilo Barco told investors on Friday that the tax agency had declared “officially and specifically that it discards any assets freeze.” After a revised interpretation by the tax agency that imports of gasoline and diesel are subject to…
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