Or maybe it is Irene Vélez’s fault but in any event the change in government has clearly impacted the share prices of Colombia-focused oil and gas producers. To no one’s surprise (we assume), Ecopetrol is among the hardest hit.
President Gustavo Petro participated in the Naturgas Congress and spoke about subsoil resources.
Promigas talked about the number of residential users with natural gas in the country.
The Minister of Finance (MinHacienda), José Antonio Ocampo, and the coordinators of the tax reform, reached an agreement about the tax on oil and coal exports.
The Colombian Mining Association (ACM) and the Colombian Oil and Gas Association (ACP) commented on the tax reform and its possible consequences for the sector.
The government filed the budget bill of the General Royalties System (SGR) for the 2023-2024 biennium.
Sandra Fonseca Arenas, Executive Director of Asoenergia, spoke about the energy transition and the hydrocarbons sector at Enercol 2022.
Vice Minister of Energy, Belizza Ruiz, spoke about the possibility of gas from Venezuela in the ENERCOL conference 2022.
Nelson Navarrete Hernández, ACIEM Vice President, gave the opening speech at Enercol 2022, touching on key issues for the sector.
Ecopetrol’s (NYSE: EC) shares have been affected by a mix of uncertainty about a possible global recession and political uncertainty generated by the arrival of Gustavo Petro to the presidency.
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