During the recent summit of energy ministers from the Community of Latin American and Caribbean States (CELAC), hosted in Bogotá by the Ministry of Foreign Affairs and the Ministry of Mines and Energy (MinEnergia), Minister Edwin Palma announced the Colombian government’s intention to sign a confidentiality agreement to evaluate the potential acquisition of Monómeros.
The DIAN and DANE reported the behavior of Colombia’s imports during May this year.
In a fiery speech inaugurating Colombia’s new legislative period, President Gustavo Petro announced he will use all available legal mechanisms to ban coal exports to Israel, citing the country’s alleged involvement in crimes against humanity in Gaza.
At the Emergency Conference on Palestine held in Bogotá, Colombian President Gustavo Petro announced a decisive shift in the country’s energy and foreign policy.
At the close of the first half of 2025, Colombia’s oil and gas sector continues to show alarming signs of weakening, according to the latest Semáforo de la Economía (Economic Traffic Light).
The Colombian Ministry of Mines and Energy (MinEnergia) released a draft resolution for public comment that aims to update the rules for distributing production incentives for non-renewable natural resources and their transportation via maritime and river routes.
Having spent most, perhaps all, of my working life involved in strategic planning in one capacity or other, I always start to think about next year as soon as the calendar turns over from the second quarter into the third. Not perhaps a fully formed vision of the coming years but some scenarios to define the space of possibilities.
Colombia’s oil reserves are running low. According to the latest figures from the Ministry of Mines and Energy, the country has only 7.2 years of proven oil reserves left, a notable decline from the 8.4 years reported when President Gustavo Petro took office in 2022.
During a recent visit to Venezuela, Colombia’s Minister of Mines and Energy (MinEnergia), Edwin Palma, expressed the country’s keen interest in acquiring Monómeros, the petrochemical company based in Barranquilla but owned by Venezuela’s Pequiven.
Colombia is facing a worrying decline in its exports to the U.S. and China, largely driven by sharp reductions in oil and coal sales.
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