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Colombia’s Ecopetrol reached agreement with Petroleos de Venezuela SA to extend gas export

The BP (British Petroleum) logo is seen at a gas station in Washington, D.C. in this October 2007 file photo. Iraq's government Saturday approved an o...
In this Sept. 27, 201 photo, cars line up at the pumps at an Exxon mini-mart in Carnegie, Pa. Companies paid more for gas and food in September to dri...

Iraq approves oil deal with BP

The BP (British Petroleum) logo is seen at a gas station in Washington, D.C. in this October 2007 file photo. Iraq's government Saturday approved an o...

In this Sept. 27, 201 photo, cars line up at the pumps at an Exxon mini-mart in Carnegie, Pa. Companies paid more for gas and food in September to dri...

Colombian state-owned oil company Ecopetrol SA and Chevron Corp. reached agreement with Petroleos de Venezuela SA to extend a contract to export natural gas to Venezuela from Colombia for two and a half years from January, according to Bloomberg.
Ecopetrol exports natural gas from La Guajira in Colombia to western Venezuela in association with Chevron through a 225- kilometer pipeline operated by PDVSA, as the Caracas-based company is called. Ecopetrol adjusted the date in the contract at which the flow of the pipeline will be reversed to allow Venezuela to export natural gas to Colombia, Bogota-based Ecopetrol stated in the statement posted on its website.