Thursday, November 27th, 2025
Colombia’s ongoing fiscal crisis is expected to worsen in 2026 due to a sharp drop in the profits of Ecopetrol, the nation’s most important company. The urgency for cash is so significant that the current administration has introduced a third tax reform bill to Congress.
Colombia’s energy sector is once again warning that the country’s heavy tax load is eroding competitiveness and slowing investment.
Ecopetrol (NYSE: EC) closed the third quarter of 2025 with mixed results: profits dropped nearly 30% to CoP$2.5T, reflecting the continued pressure of lower oil prices. But its investment outlook remains the same.
Colombia’s announcement at COP30 that it would declare the entire Amazon biome a Renewable Natural Resources Reserve, effectively banning new large-scale mining and hydrocarbons activity, was intended as a bold environmental milestone.
Ecopetrol’s (NYSE: EC) third-quarter results for 2025 confirmed a year marked by financial pressure, but with one standout exception: its Permian operations in the United States.
Colombia’s long-awaited offshore gas project, Sirius, is steadily moving through its licensing stages, yet the country’s widening supply gap is prompting experts to call for an interim solution: using fracking to regain self-sufficiency while the offshore field comes online.
Colombia’s hydrocarbon sector is entering a decisive phase, and without a rapid rebound in exploration, the country risks losing production capacity, fiscal stability and long-term energy security. That was the warning delivered by Frank Pearl, president of the Colombian Oil and Gas Association (ACP), at the VIII Petroleum, Gas and Energy Summit.
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