Chilean multinational Cencosud, owner of retail franchises such as Jumbo, officially exited the fuel retail market in Colombia by selling its gas station business to Distracom, a local company specializing in fuel commercialization.
At the 2025 Gas Forum hosted by the Colombian Mercantile Exchange, Julián Flórez, president of the National Gas Operation Council (CON-Gas) and Director of Hydrocarbons at the Ministry of Mines and Energy (MinEnergia), placed responsibility for Colombia’s current gas supply issues on past administrations, citing a decade of inaction and poor planning.
Ecopetrol (NYSE: EC) announced significant changes within its executive leadership team, following decisions made during its latest Board of Directors meeting.
The shareholders of Primax Colombia approved a resolution authorizing the company’s Board of Directors and legal representatives to issue or approve potential guarantees for obligations undertaken by Global Monastir, up to a maximum amount of US$250M.
The Petro administration launched a sweeping initiative to tighten technical oversight and enforce labor standards across Colombia’s retail fuel stations.
The Colombian Chamber of Goods and Services (Campetrol) reported rig information for June 2025.
The Llanos Regional Collegiate Body of Administration and Decision (Ocad Llanos) approved CoP$84.7B in funding from Colombia’s General System of Royalties, under the 40% Regional Investment Allocation (AIR 40%), to benefit the departments of Arauca and Guaviare.
In response to recent comments from President Gustavo Petro, who declared that “it would be foolish to build our welfare on oil and coal,” the Colombian mining sector is pushing back, defending the strategic and economic importance of coal exports for the country.
In a major milestone for rural development and agroindustry in Colombia, 65 farming families from the department of Meta successfully exported 12 tons of cacao to Japan, one of the world’s most demanding markets.
Some of you may have seen this neuropsychology news last week: brain MRIs show optimists have similar brain processes but pessimists are unique. Also this week, US Energy Secretary, Chris Wright told The Economist optimistically that climate change is “not an existential crisis but a real, physical phenomenon that is a by-product of progress” and Colombian President Gustavo Petro pessimistically said that fossil fuel extraction “kills Colombia and kills humanity.”
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