Terpel, Ecopetrol ink US$2.45bn fuel supply deal
Colombian fuel retailer Terpel has secured two fuel supply contracts with state-run oil company Ecopetrol worth a combined 11tn pesos (US$2.45bn).
The agreements are for diesel and regular motor gasoline and will be valid until September 30, 2023, Terpel said in a regulatory filing.
Terpel has more than 2,000 service stations throughout Colombia and supplies around 42% of the domestic fuels market.
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