According to the NOC’s representatives, Ecopetrol (NYSE:EC) modified its management structure to align it with its current stage of growth and competitiveness.
The Extractive Industry Transparency Initiative (EITI) confirmed that Colombia is the first country in the continent to reach the ‘satisfactory progress’ category.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports in May. This increased compared to the same period last year and the extractive sector played a key role in this behavior.
The outlook for the Oil Saving and Stabilization Fund (FAEP) and the Fuel Price Stabilization Fund (FEPC) in the short and medium term is not encouraging, according to projections by the Ministry of Finance (MinHacienda).
Oil companies have to face many challenges to operate in Colombia, while other countries in the region open their doors with attractive conditions and it seems like Mexico is attracting the interest of several companies operating in Colombia.
The National Army and the Police spoke about successful operations against FARC dissidents and ELN members in Arauca, Casanare and Nariño. The development of these and other stories in our periodic Security summary.
2025, Hydrocarbons Colombia, All Rights Reserved.
