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Looking for new ways to grow its already significant fuel and lubricant distribution business, Terpel put new emphasis on the quality of service offered to customers, adjusting its infrastructure to do so, and logged a 6% increase in sales as a result in 2015.

The World Bank performed a study of innovation at the global level and highlighted the importance of INNpulsa Colombia as a key institution for helping to develop Colombia´s productivity. Ecopetrol (NYSE:EC) is positioned as one of INNpulsa important partners.

Ecopetrol (NYSE:EC) now has full authorization to sell its petrochemical unit Propilco, despite questioning from critics as the operation can benefit from an expanded Cartagena Refinery (Reficar), one of the arguments used by the NOC to justify its acquisition in the first place in 2007.

Ecopetrol (NYSE:EC) has celebrated the 31^st anniversary of the Colombian Petroleum Institute (ICP) its R&D center which it says has delivered proven benefits to the NOC worth US$4.17B.

Ecopetrol (NYSE:EC) is now set to receive the Rubiales field at the end of the month, and has also established its workforce which will staff and operate the field.

Ecopetrol (NYSE:EC) is passing through a test due to fallen production and low prices, says the former Minister of Mines and Energy Amylkar Acosta, who believes that the NOC will be able to make it through, but without any idea of when this could conclude.

The scandal surrounding the Cartagena Refinery (Reficar) might have fallen to a secondary status, but continues to make headlines. A Senate hearing last month, accusations of environmental damage and a full audit by the General Controller’s office have all taken shape over recent weeks.

Ecopetrol’s (NYSE:EC) export distribution in 1Q16 showed a big shift to the US, the Gulf Coast in particular, and away from the Far East, which had been a strategic market for the NOC.

The restructuring process of Pacific E&P will take place in the Canadian legal system after both US and Colombian authorities announced they would support this process, although Colombian regulators have ordered the firm to guarantee payments for its Colombian creditors.

Despite assurances from leaders of the UTEN oil workers union, which affiliated Pacific E&P workers in the Rubiales field, Ecopetrol (NYSE:EC) has confirmed it will not use the UTEN workers, it will hire a completely new workforce, in a victory for the more militant USO union.