Thursday, June 19th, 2025
As Colombia’s fossil fuel production declines amid lower global prices and a national policy shift away from extractive industries, critical questions emerge about the future of royalties, the backbone of regional development in many parts of the country.
In a significant policy shift, the government of President Gustavo Petro will raise the price of diesel fuel for all vehicles in Colombia that are not used for cargo transportation.
Frank Pearl, President of the Colombian Association of Oil and Gas (ACP) issued a stark warning about the direction Colombia is taking under President Gustavo Petro’s administration.
At the IV Sustainability Forum of the Colombian Association of Oil and Gas (ACP), a critical panel titled “Rethinking the Environment: New Competencies in Territorial Planning” addressed the complex and often ambiguous roles of Indigenous communities in environmental regulation.
Ecopetrol (NYSE: EC) successfully exported its first shipment of a new marine fuel derived from fuel oil, marking a key milestone in its efforts to diversify its energy portfolio.
With the arrival of 530,000 barrels of regular gasoline imported from the US Gulf Coast, the Pozos Colorados Maritime Terminal in Santa Marta, Magdalena, officially launched a major expansion of its operations.
At the IV Forum on Sustainability Milestones, Andrés Bitar, Vice President of Strategy and Regulatory Affairs at the Colombian Petroleum Association (ACP), emphasized the scale of the challenge facing Colombia in decarbonizing its transportation sector, a critical step toward meeting national and global climate targets.
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