The Director of Colombia’s National Planning Department (DNP), Alexander López, raised alarms over CoP$16T in missing royalties.
The pundits have started saying nice things about Ecopetrol and the share price has responded positively.
Following Vanti’s announcement of a 36% increase in gas bills, particularly affecting regions like Bogotá, some media outlets suggested that the rise might be artificially induced. However, experts argued that the real causes behind the price surge are gas shortages and transportation challenges, as Vanti has stated.
Colombia’s liquefied petroleum gas (propane) industry is facing a severe crisis as companies warn they may be forced to halt operations due to the government’s failure to pay outstanding subsidies.
The government announced a significant increase in environmental royalty investments.
As of December 2024, Argentina has overtaken Colombia in oil production, according to official figures.
The development of one of Colombia’s most significant gas discoveries, Sirius-2, is progressing steadily with growing support from local communities.
The Colombian business association ANDI voiced strong opposition to an inspection conducted by the Superintendence of Industry and Commerce (SIC) at the offices of Naturgas.
Ecopetrol (NYSE: EC) assured the public that the electrical failure that occurred at the Cartagena Refinery (Reficar) on February 14 has been successfully identified and corrected.
So far six ministers have resigned irrevocably from President Gustavo Petro’s cabinet, including his combative MinAmbiente Susana Mohamad since the first of February after three left in January. The rest have been asked to resign pro forma so the president can create a new cabinet. Why and where are we going?
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