A recent projection report by Corficolombiana on crude oil and gas reserve additions has raised concerns over Colombia’s energy future.
Campetrol’s Nelson Castañeda spoke about the introduction of a labor reform bill.
Finance Minister Ricardo Bonilla talked about the plan to increase diesel prices.
Ecopetrol (NYSE: EC) recently released its first-quarter financial statements, revealing a total debt of US$25B, approximately CoP$116.4T, prompting questions about the company’s debt sustainability.
Ricardo Roa did not affect Ecopetrol’s 1Q23 results and will have little influence over 2Q23 having taken command only at the end of April. But Felipe BayóN was already leaving in 1Q23 so others like Chairman Saul Kattan might have had more impact. Some key issues for the NOC’s next phase appear in the numbers already.
The global transition towards clean energy has prompted countries worldwide, including those in the Latin American region, to formulate tax policies that incentivize using less fossil fuel, such as gasoline.
As part of its comprehensive debt management strategy, Ecopetrol (NYSE: EC) got authorization from the Ministry of Finance (MinHacienda) to contract a credit facility.
In 2022, mining company Drummond Ltd. strengthened its environmental compensation processes in collaboration with rural communities in the sub-basins of the San Antonio and Las Ánimas rivers, which cover the high, middle, and low areas of the Perijá mountain range in Colombia.
Just after an increase of CoP$600 per gallon, the Ministry of Mines and Energy (MinEnergia) announced a proposal to change the way gasoline prices are set in the country, causing great controversy.
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