For years, Bolivia was seen as a rare socialist success in Latin America, achieving economic growth, low inflation, and reduced poverty. However, the country’s mismanagement of its gas resources provides a cautionary tale.
Ecopetrol (NYSE: EC) announced measures to ensure a continuous supply of diesel in Colombia, following recent attacks on the Coveñas-Caño Limón (CCL) and Bicentenario pipelines.
The Ministry of Mines and Energy (MinEnergia) published a draft resolution to introduce a Natural Gas Allocation Prioritization Mechanism during the scheduled maintenance of the Caribbean Regasification Plant (SPEC).
Colombian Finance Minister (MinHacienda) Ricardo Bonilla appeared before the Senate’s Commission IV to introduce a new tax reform bill, known as the “Financing Law.”
Canacol Energy has been thrust into the spotlight as a fraud investigation unfolds, involving the multinational company and its subcontractor Petropolar Sucursal Colombia. Canacol vigorously defends itself, saying that it was a victim of Petropolar.
Primax, one of Colombia’s key energy companies, faced significant hurdles this year, primarily driven by climate-related and logistical issues.
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