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Pacific Rubiales could sell assets in Colombia, says chief

Friday, February 6, 2015

Canadian oil company Pacific Rubiales could sell some Colombian assets if oil prices fall below $45 per barrel, its chief executive Ronald Pantin said.

In the last six months, Pacific Rubiales' shares have fallen 81.7 percent in Toronto and 79.4 percent on the Bogotá stock exchange due to the plunge in international oil prices and speculation that firm may struggle to meet debt payments.

Source: Reuters