Colombia’s Ministry of Mines and Energy and the National Hydrocarbon Agency (ANH) presented the 2025 Resources and Reserves Report (IRR 2025) on June 23, certifying that the country’s proven oil reserves held essentially flat at 2,020 million barrels as of December 31, 2025, with the reserves-to-production ratio (R/P) improving to 7.4 years from 7.2 despite a 4% drop in annual production and a 14% decline in average Brent prices.
While still not yet official, Abelardo de la Espriella won Colombia’s June 21 presidential runoff with 12,949,162 votes against Iván Cepeda’s 12,701,546, a margin of 250,830 votes and 0.95 percentage points, the narrowest gap in percentage terms since the second-round system was introduced in 1994. Cepeda has now conceded defeat.
Two of Colombia’s most prominent oil and gas industry associations moved quickly after the June 21 second-round result to signal institutional alignment with president-elect Abelardo de la Espriella.
The president of Colombia’s National Electoral Council (CNE), magistrate Cristian Quiroz, moved quickly on June 22 to deflate the legal significance of Iván Cepeda’s announced mass challenge to the second-round results.
Yesterday’s presidential voting had a declared winner but the results are not definitive and the loser is contesting the result.
Colombia’s National Hydrocarbons Agency (ANH) has failed to publish its annual Resources and Reserves Report (IRR) for 2025, more than 45 days after the legally mandated deadline of April 30.
A post-election analysis by Arteaga Latam of Colombia’s May 31 first-round presidential vote finds that the country’s 131 oil- and gas-producing municipalities delivered nearly the entire national margin for Abelardo de la Espriella over Iván Cepeda — and that those same territories could again prove decisive in Sunday’s runoff.
Deutsche Bank and Corficolombiana both published assessments on June 12 framing the same basic question ahead of Colombia’s June 21 presidential runoff: what comes after the vote, and how durable will any initial market optimism prove to be?
Pacto Histórico presidential candidate Iván Cepeda used a June 10 interview on Caracol Radio’s 6AM W with Julio Sánchez Cristo to lay out his position on Ecopetrol, the energy transition, and the future of hydrocarbon policy under a possible Cepeda government.
The Ministry of Mines and Energy formally issued a resolution on June 13 activating a preventive supply protection plan for the scheduled maintenance of the SPEC LNG regasification terminal in Cartagena, set to run from July 30 to August 3, 2026.
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