On International Workers’ Day, the Colombian government and coal sector unions took a historic step toward a Just Energy Transition by signing a symbolic pact in defense of labor rights and social equality.
President Gustavo Petro has once again stirred controversy by declaring that planning Colombia’s economic well-being based on oil and coal would be “foolish.”
Ecopetrol (NYSE: EC) is facing a staggering financial blow after the National Tax and Customs Directorate (DIAN) formally ordered the company to pay CoP$9.4T (approximately US$2.4B) in back VAT, an amount that has been described internally and by union leaders as a potential threat to the company’s financial stability.
Colombian President Gustavo Petro reiterated his intention for Ecopetrol (NYSE: EC) to acquire Monómeros Colombo Venezolanos, a Venezuelan-owned fertilizer company based in Barranquilla.
This week a “potpourri” of varied, vaguely related small notes that, together, turn into a commentary on the state of the Colombian hydrocarbons industry.
Just days before the official announcement of former Environment Minister Irene Vélez Torres as the new director of Colombia’s National Environmental Licensing Authority (ANLA), a quiet but significant change took place.
In a historic turn, remittances to Colombia have officially overtaken oil exports as the country’s leading source of foreign currency, marking a fundamental shift in the nation’s external income structure.
The DIAN and DANE reported the behavior of Colombia’s imports during February this year.
Manuel Peña Suárez, an electrical engineer with a master’s degree in economics, has been appointed as the acting director of Colombia’s Mining and Energy Planning Unit (UPME), replacing Carlos Adrián Correa.
As Latin America faces a turbulent global economic environment in 2025, its persistent fiscal challenges are pushing the region to reevaluate how public finances are managed.
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