Colombian oil company Ecopetrol (EC +0.7%) is increasing production faster than expected, saying...

|About: Ecopetrol S.A. (EC)|By:, SA News Editor

Colombian oil company Ecopetrol (EC +0.7%) is increasing production faster than expected, saying it will hit 1M BPD before its target date of 2015. The country is now the 4th largest oil producer in Latin America, thanks to a reduction in violence with FARC terrorists.