Colombia is not an oil country, but its finances depend largely on this industry. The sector crisis affected government finances, but the recovery of crude prices is generating great expectations.
Ecopetrol (NYSE: EC) announced a new oil discovery in the Middle Magdalena Valley Basin (VMM) in the department of Santander.
Sergio Clavijo, Director of the Center for Economic Studies (ANIF) in collaboration with Ekaterina Cuéllar and Nelson Vera analyzed the behavior of Ecopetrol (NYSE: EC) stock price after a decade in the public market.
For Ecopetrol’s (NYSE:EC) regional vice president in Orinoquia, José Cotello, 2018 will be all about leaving the oil crisis behind and going back to the industry’s bonanza.
A new problem begins to emerge for Ecopetrol (NYSE: EC) due to the fact that the USO initiated blockades in different strategic points the departments of Meta and Casanare.
Mauricio Cárdenas, Minister of Finance (MinHacienda) participated in the celebration of 10 years of Ecopetrol (NYSE: EC) in the stock market. He spoke about government plans for Cenit, an ECP transport company.
In 2018, Ecopetrol (NYSE:EC) will make investments of between US$3.5M and US$4M; an increase of between 35% and 55% compared to investments made in2017.
The sector is showing a recovery in almost all its metrics, and this has been a good year for oil companies. This situation is increasing expectations for the coming year. Ecopetrol (NYSE: EC) announced its investments plans for 2018.
Ecopetrol (NYSE: EC) is making decisions to boost the use of renewable energies in the country. The company might be planning a big project on this issue.
The price of the oil exported by Colombia went up to US$60 and Ecopetrol’s (NYSE: EC) share increased 24% in just a month.
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