The presidency of Ricardo Roa at Ecopetrol (NYSE: EC) is facing intensifying scrutiny as corruption allegations continue to mount.
Colombia has been ranked as the fifth most complex country in the world to do business, according to the 2025 Global Business Complexity Index released by TMF Group. The list is led by Greece, followed by France, Mexico, Turkey, and then Colombia.
Oil and gas investment in Colombia is set to decline by 10% in 2025 due to lower Brent crude prices and an increased withholding tax on natural gas companies, according to the Colombian Petroleum and Gas Association (ACP).
Following the release of its official 2024 report on oil and gas reserves, Colombia’s National Hydrocarbons Agency (ANH) hosted a public presentation from Bogotá to share key findings.
The Colombian Association of Petroleum and Gas (ACP) released its annual economic report, “Investment Trends in Oil and Gas Exploration and Production in Colombia 2024 and Perspectives 2025: A Strategic Sector in Critical Condition.”
Camilo Marulanda, president of Isagen, a leading Colombian company in energy generation and commercialization with a diverse portfolio of renewable sources (solar, wind, and hydroelectric), voiced strong concerns over the recently issued Decree 0572 by the Ministry of Finance (MinHacienda).
The Inspector General’s Office has formally requested that the National Electoral Council (CNE) sanction Ricardo Roa Barragán, CEO of Ecopetrol (NYSE: EC), for alleged violations of campaign finance limits and covering up expenses during Gustavo Petro’s 2022-2026 presidential campaign, where Roa served as campaign manager.
I wrote reluctantly about Colombia’s apparently scandal-ridden NOC just two weeks ago. Reluctantly because I rarely find scandals to be strategic. I hoped I would not have to do it again this year. But independent board member, Monica de Greiff, resigned this past week and the press assumes that CEO Ricardo Roa will leave shortly.
The Ministry of Mines and Energy (MinEnergia) and the National Hydrocarbons Agency (ANH) released the 2024 Reserves and Resources Report (IRR 2024), showcasing significant progress in Colombia’s hydrocarbons sector.
The Colombian Petroleum and Gas Association (ACP) will host the fourth edition of the Gran Foro Hechos de Sostenibilidad in Cali on June 11–12, 2025.
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