Thursday, March 12th, 2026
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’s Permian Basin operations in the United States contributed 13.8% of total company production in 2025, emerging as one of the best-performing assets despite the Petro administration’s continued push to divest the fracking-based asset.
Ecopetrol initiated export operations with the Atlantic Majesty, the first vessel contracted for exclusive company use under a Time Charter arrangement, which will transport 1 million barrels of heavy crude monthly to United States customers.
Ecopetrol maintains a sufficiently robust oil and gas exploration portfolio to sustain activity for at least ten more years, extending to 2036, according to Elsa Jaimes, general manager of offshore projects and exploration, speaking at the second Colombian Geological Association Energy Exploration Convention.
The Departamento Nacional de Planeación (DNP) conducted a technical tour of three strategic works funded by royalty resources in Santander that generate direct community benefits.
Colombia produced 746,444 barrels per day of oil in January 2026, representing a 3.03% decline compared to January 2025’s 769,751 bpd.
The Colombian government ordered the refund of over CoP$150B to natural gas users for overcharges in the transport component of tariffs. Gas transporters TGI, Promigas, and three other companies immediately rejected the order, denying any improper charges and threatening legal action.
2026, Hydrocarbons Colombia, All Rights Reserved.
