In a recent statement, Finance Minister (MinHacienda) Ricardo Bonilla addressed the potential unilateral increase in diesel prices and ongoing dialogues with the transporters’ association.
Orlando Velandia Sepúlveda, President of the National Hydrocarbons Agency (ANH), highlighted the ambitious plan to ramp up oil and gas exploration in Colombia.
The Constitutional Court rejected the request for nullity filed against ruling C-489 of 2023, which declared the prohibition of deducting royalties from the income tax of non-renewable natural resource exploiters unconstitutional.
The boardroom brawl at Ecopetrol (NYSE: EC) has taken a dramatic turn as President Gustavo Petro seeks to shake up its leadership amid his push to wean the country off fossil fuels.
The freight, passenger, and dump truck transport sector, represented by the Association Chamber of Transport (Unidos) responded to statements made by Finance Minister (MinHacienda) Ricardo Bonilla, clarifying that they have been willing to engage in dialogue for a year and a half.
Ironic that anti-oil Colombian President Gustavo Petro should lead a so-called “petrostate”, a country with an above-average dependence on petroleum for its economy and especially its government revenues. However, an updated study by Carbon Tracker of countries threatened by energy transition shows Colombia in a low risk category.
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