In a significant development, the Colombian taxi drivers’ union has reached an agreement with the government to receive monthly compensation in response to rising gasoline prices.
With the ELN ceasefire starting, this should have been a positive month. It wasn’t. The ELN were doing their usual things to undermine Colombians’ confidence and even the High Peace Commissioner expressed impatience with the dissident FARC.
The topic of gasoline prices has taken center stage in public discourse since last year, as the government began gradual increases in fuel prices from October. Various industry groups have called for a revision of the price setting formula.
Terpel announced the signing of a significant contract with Cenit.
The country has seen a significant increase in liquefied natural gas (LNG) imports to safeguard its hydroelectric operations against the looming threat of a drought caused by El Niño, according to the National Association of Power Generators (Andeg).
On its 72nd anniversary, Ecopetrol announced resources for social investment to boost energy transition.
Ecopetrol’s (NYSE: EC) President, Ricardo Roa, announced the company’s strategy to boost oil and gas reserves.
The Ministry of Finance and Public Credit (MinHacienda) has authorized Ecopetrol (NYSE: EC) to secure a foreign loan of up to US$1.0B.
The potential implementation of a differential gasoline rate for taxi drivers in Colombia is facing logistical challenges and concerns.
In a bid to enhance the storage infrastructure for propane and provide tariff relief from pipelines, propane entrepreneurs have voiced their concerns.
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