The Ocad Paz approved several projects in the last month, generating concerns due to recent reports of alleged irregularities in the approval of projects to receive royalty resources from this entity.
Local media revealed that the National Planning Department (DNP) and other entities were involved in corruption scandals with the use of royalties.
The handover process at the Ministry of Mines and Energy (MinEnergia) began between the current government of President Iván Duque and the team of President-elect Gustavo Petro .
President-elect Gustavo Petro spoke about his plans for large companies such as Ecopetrol (NYSE: EC) and ISA.
No one likes to be blamed for something they didn’t do. In the days following Gustavo Petro’s victory in Colombia’s recent presidential elections, Colombia-focused oil and gas stocks nosedived, with Ecopetrol in particular losing over 25% of its value at one point. Petro says “I’m not to blame” saying all oil and gas stocks were in decline because of the inevitability of energy transition. Let us use the data to see if he is right.
After Gustavo Petro’s victory at the polls, sectors such as oil and mining have shown their desire to talk to the president-elect to reach a consensus that will lead to the energy transition.
The election of Gustavo Petro as president generated a lot of uncertainty among Ecopetrol (NYSE: EC) investors, seriously affecting its market value. Petro sent a message of reassurance recently.
The National Government, through the Ministry of Finance (MinHacienda), announced the disbursement for the coming years to cover the deficit of the Fuel Price Stabilization Fund (FEPC).
The National Tax and Customs Directorate (DIAN) found that some firms in the oil and gas segments have outstanding accounts in Colombia.
After the election of Gustavo Petro as president of Colombia, uncertainty grew in the extractive sector. Industry experts talked about this issue.
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