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Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures as of January 2024. Here are the details.

The demand for thermal coal reached unprecedented levels, with approximately 54.5 million tons (MT) exported globally.

Colombia, South America’s leading coal producer, introduced a mining bill aiming to ban new Exploration and Production (E&P) contracts for this fossil fuel.

During a regional meeting in Mariquita, Tolima, President Gustavo Petro escalated his rhetoric against oil and coal.

The major Colombian-focused publicly traded oil and gas companies have communicated their 2024 guidance. With the president talking down the industry every chance he gets and few or no friends in the public sector, one would not be surprised to see much negative sentiment. How do they really feel or, at least, what did they share with investors?

Colombian President, Gustavo Petro, recently addressed concerns about the ‘precarious’ state of the state-owned oil company, Ecopetrol (NYSE: EC), during a speech at the Industrial University of Santander.

Allegations of workplace mistreatment within Colombia’s Ministry of Mines and Energy, (MinEnergia) particularly at the National Hydrocarbons Agency (ANH), led by Orlando Velandia, have sparked concerns.

The Colombian Association of Oil and Gas (ACP) raised concerns about the impact of social blockades on the distribution of liquid fuels in Colombia in 2023.

In a recent interview, former Vice President Germán Vargas Lleras, voiced significant concerns regarding the current state of prior consultations, emphasizing that around 9,000 projects are currently stalled due to these lengthy procedures.

In a recent update to this year’s Financial Plan, the Colombian government revised its projections for oil production, Brent crude prices, and the exchange rate.