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Trafigura announced its 2023 sustainability report, highlighted the advances at Impala Terminals in Colombia.

In October 2022, the Colombian government initiated a phased increase in gasoline prices, citing the need to address the deficit that had accumulated in the Fuel Price Stabilization Fund (FEPC), but this tendency seems to end.

Former Ecopetrol CEO Juan Carlos Echeverry has written what might be considered a best seller in Colombian non-fiction terms, creating a minor sensation in social networks like X. Saving Ecopetrol: Leadership in times of crisis is part management self-help, part corporate history, part diatribe against Petro, part manifesto for a post-Petro energy policy.

The International Energy Agency (IEA) raised the global demand for oil for the third consecutive month, projecting a global consumption increase of 1.24 million barrels per day (bpd) by 2024. As the world anticipates higher demand, some Latin American countries are strategically positioning themselves in the race for oil production.

The Ministry of Mines and Energy congratulated Ecopetrol (NYSE: EC) and Parex for the exploratory well Arauca-8 in the municipality of Saravena, discovered under the Arauca Agreement. However, the NOC released a statement clarifying some things about the well.

The Colombian Association of Petroleum Engineers (Acipet) announced the appointment of a new Executive Director.

Colombian industry, including the oil sector, use the Magdalena River to haul goods to the Caribbean Sea. Unfortunately, the river constantly silts up. The director of Cormagdalena, Álvaro Redondo, talked about the Barranquilla port dredging contract.

Gran Tierra Energy Inc. (TSX: GTE) announced the company’s 2023 year-end reserves.

Reconsideration of a proposal from the Ministry of Finance (MinHacienda) of royalties deductibility is back on the table, courtesy of the Constitutional Court’s Plenary.

Terpel, the second-largest revenue-generating company in Colombia after Ecopetrol, has unveiled its strategic plans for 2024, encompassing significant expansions and green initiatives.