Colombia’s Minister of Finance (MinHacienda), Ricardo Bonilla, officially signed a decree to raise the price of diesel for large consumers.
Global oil majors are making record investments in the search for new oil reserves in Latin America.
Ecopetrol (NYSE: EC) announced the successful export of its first 2,500 tons of solid asphalt to South America, Central America, and the Caribbean.
The research team at Banco de Bogotá predicts that tourism will become Colombia’s third-largest generator of foreign exchange by the end of 2024.
The debate over fracking in Colombia has once again hit a stalemate as the Fourth Chamber Commission of the House of Representatives recently sank Bill 413, which aimed to ban fracking and unconventional oil development in the country.
Ecopetrol (NYSE: EC) announced via the Superintendent of Finance that it has received authorization from the Ministry of Finance (MinHacienda) to secure an internal loan with local banks.
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