Senior Counsel Inés Elvira Vesga was quoted in a Portafolio article in which she points out that Ecopetrol's recent success is because of the drop in oil prices and low world demand due to the measures adopted by the different governments to face COVID-19. What is striking is that in the midst of the current situation the company generated profit and not loss, which shows that there is financial strength. Other state-owned oil companies like Pemex have revealed significant losses from the current crisis.
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