In a sharply critical column, economist Salomón Kalmanovitz warned that the Petro government is “strangling the goose that lays the golden eggs” by imposing heavy taxes on Colombia’s oil sector while simultaneously increasing public spending to historic levels.
Colombia’s trucking sector continues to grapple with an escalating wave of road blockades.
President Gustavo Petro reaffirmed that Ecopetrol (NYSE: EC) will step into the role of natural gas importer as Colombia grapples with a widening production deficit.
President Gustavo Petro has once again reignited debate over Colombia’s dependence on fossil fuels, this time clashing with the Unión Sindical Obrera (USO), one of Ecopetrol’s most powerful unions.
Colombia’s Ministry of Mines and Energy (MinEnergia) issued Resolution 40358 of August 20, 2025, setting new guidelines for the coexistence of hydrocarbon, mining, and energy projects when partial or total overlap of areas occurs.
Colombia’s oil and gas sector continues to show signs of weakness, with official figures confirming a decline in production through July 2025.
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