President Gustavo Petro’s recent visit to the Pacific Coast left an intriguing proposal in its wake — the initiation of a public consultation to explore the feasibility of constructing an inter-oceanic canal in the Chocó department.
Finance Minister Ricardo Bonilla highlighted the strong foreign interest in investing across various sectors in Colombia.
Following the unfortunate death of Piedad Córdoba, a lingering question emerges: who will assume her seat in the Senate? This could affect the government’s plans for Ecopetrol’s (NYSE: EC) Board of Directors.
The Constitutional Court ruled against the government’s request to reconsider its decision to declare royalties tax deductible in the mining and energy sector in Colombia.
The easing of the U.S. oil embargo on Venezuela opens doors for the beleaguered country’s oil industry to revive old channels for crude sales and rekindle partnerships with foreign companies. However, experts caution that this process will take time.
The Colombian Association of Petroleum Engineers (Acipet) announced the appointment of a new Executive Director.
Colombian industry, including the oil sector, use the Magdalena River to haul goods to the Caribbean Sea. Unfortunately, the river constantly silts up. The director of Cormagdalena, Álvaro Redondo, talked about the Barranquilla port dredging contract.
Reconsideration of a proposal from the Ministry of Finance (MinHacienda) of royalties deductibility is back on the table, courtesy of the Constitutional Court’s Plenary.
Diego Pereira, J.P. Morgan Chase’s Chief Economist for the Southern Cone and Peru, provided a perspective on critical issues facing Colombia.
The Colombian government has formally requested the Constitutional Court to mitigate the consequences of a previous ruling that overturned the prohibition on deducting royalties from the income tax of extractive companies.
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