Amid the fiscal crisis that prompted the Colombian government to cut this year’s budget by CoP$20T, the Center for Economic Studies (Anif) published a recent report detailing the impact of the last two tax reforms.
The Petro administration’s policy of no new hydrocarbon exploration contracts has ignited debates about the future of Colombia’s energy sovereignty.
The Colombian Petroleum and Gas Association (ACP) elected new members to lead its Board of Directors for the upcoming year.
Half of 2024 is now over. In most companies, while work continues on executing the 2024 plan, attention turns to planning 2025, setting budgets and targets. The critical external variable is the price of oil. We collect and analyse statistics on Brent which we offer here with commentary to help with the process.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for May 2024.
Ricardo Roa, President of Ecopetrol, announced that Colombia will face a gas shortage starting in 2025 due to declining reserves in recent years.
Alfonso Medrano, President of the Intergremial Chamber of Cargo Transporters, confirmed that discussions regarding a potential increase in diesel tariffs will resume.
Promigas, through its subsidiary Surtigas, reached a significant milestone of connecting seven million users to its natural gas service.
Ecopetrol (NYSE: EC) unveiled its comprehensive 2024-2034 roadmap for ensuring the country’s natural gas supply.
In a recent address at the Andesco Congress, Colombia’s Minister of Finance and Public Credit, Ricardo Bonilla, detailed the government’s plan to settle the debt owed to Ecopetrol for the deficit in the Fuel Price Stabilization Fund (FEPC).
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