Ecopetrol (NYSE: EC), in collaboration with the Ministries of Energy and Science (MinCiencia), has initiated a call for companies with projects focused on “Research + Development + Innovation” (R+D+I).
The major Colombian-focused publicly traded oil and gas companies have communicated their 2024 guidance. With the president talking down the industry every chance he gets and few or no friends in the public sector, one would not be surprised to see much negative sentiment. How do they really feel or, at least, what did they share with investors?
Colombian President, Gustavo Petro, recently addressed concerns about the ‘precarious’ state of the state-owned oil company, Ecopetrol (NYSE: EC), during a speech at the Industrial University of Santander.
The Colombian government’s decision not to increase diesel prices has resulted in significant fiscal costs to cover the subsidy.
Allegations of workplace mistreatment within Colombia’s Ministry of Mines and Energy, (MinEnergia) particularly at the National Hydrocarbons Agency (ANH), led by Orlando Velandia, have sparked concerns.
Ecopetrol (NYSE: EC) started an ambitious maintenance program at its Barrancabermeja refinery.
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