News and AnalysIs for

Latin American refineries are adapting existing infrastructure to produce renewable fuels rather than constructing new facilities, with Colombia positioning itself to enter the emerging biofuels market through pilot programs and planned capacity expansion in Barrancabermeja.

The primaries are over and the deadline has passed for joining the ballot. We know who will be in the running and who their running mates will be. And we can update our senate chart although we still have nothing official.

Colombia stands to gain financially from rising oil prices driven by the Middle East conflict, as higher crude values would positively impact public finances through increased revenue from state oil company Ecopetrol.

Ecopetrol is exploring two additional strategic business opportunities in Venezuela beyond natural gas imports following the changed political landscape after Nicolás Maduro’s capture by the United States.

The Ministry of Mines and Energy initiated an administrative sanction procedure against Ecopetrol for alleged non-compliance with the diesel supply plan for Nariño department, warning the situation could jeopardize fuel supply and result in sanctions against the company.

SierraCol Energy Limited notes today global investment firm Carlyle and Prime Infrastructure Capital, Inc (“Prime Infra”) announced that they have entered into an agreement by which Carlyle will sell to Prime Infra the totality of its shares in SierraCol. The transaction is subject to customary regulatory approvals and is expected to close within the following month.