Petroperú, Ecopetrol Sign Memorandum of Understanding

Peru’s state-run oil concern Petroperú and its Colombian counterpart – Ecopetrol – have signed a cooperation agreement that embraces the growing area of alternative biofuels energy, hydrocarbons exploration, production and refining. The two companies signed a five-year Memorandum of Understanding on Tuesday and will establish an executive committee to analyze specific joint agreements. No details of amounts to be invested were offered.