Ecopetrol’s board, chaired by Luis Felipe Henao and backed by the De la Espriella government, approved a forensic audit into five major corruption scandals involving contracts and appointments, including the previously reported Termomorichal I/II and Gaxi cases and alleged interference by former first lady Verónica Alcocer and a contractor known as “el bachiller.”
The Colombian peso closed Wednesday, August 19 at CoP$3,039 to the dollar, its strongest level since 2018, with the year-to-date decline in the exchange rate now exceeding 17.5%, roughly CoP$658 less per dollar than where the year began (~CoP$3,757).
Ecopetrol confirmed it has completed acquisition of a majority stake in Brazil’s Brava Energia, executed through subsidiary Ecopetrol Investimentos do Brasil Ltda after satisfying all closing conditions and regulatory requirements.
Colombia’s mining-energy sector is projected to post a 0.3% GDP contraction in the second quarter of 2026, extending a decline that traces back to the first quarter of 2024.
Ecopetrol deployed education and infrastructure initiatives reaching more than 447,000 students and teachers across 47 municipalities in 17 departments between 2023 and 2025.
We easily accept that 18th Century technology was radically different from today, but we can be shocked to find that human and political issues haven’t changed.
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