Colombia’s Superintendency of Corporations (Supersociedades) chief Billy Escobar revealed that state-owned enterprises Industria Militar (Indumil) or Ecopetrol could acquire struggling fertilizer manufacturer Monómeros if U.S. sanctions are lifted.
President Gustavo Petro announced Colombia will begin reducing gasoline prices after fully settling the Fuel Price Stabilization Fund (FEPC) debt that reached approximately $70 trillion inherited from the previous administration.
Pablo Yesid Fajardo Benítez has been nominated to replace Orlando Velandia as president of Colombia’s National Hydrocarbons Agency (ANH), following Velandia’s resignation.
NG Energy published a press release on the results of AGM and a special shareholders meeting held January 22nd.
Venezuela’s National Assembly approved initial legislation Thursday reforming the country’s hydrocarbon law to attract foreign investment following Delcy Rodríguez’s assumption of power after U.S. forces deposed Nicolás Maduro on January 3.
Foreign direct investment (FDI) in Colombia totaled US$9.174 billion in 2025, representing a 14.1% decline from US$10.682 billion in 2024, according to Banco de la República data.
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