The oil and mining sector was responsible for 34.3% of Colombia’s foreign direct investment in 2023, but taxes are affecting this.
Ecopetrol (NYSE: EC) shuffled its top management last week with six new appointments, but the reasons for the departure of the Executive Vice President of Operations, Alberto Enrique Consuegra, with 30 years of experience in the energy sector and seven at the Ecopetrol Group, remained unclear.
The arbitration saga surrounding the Reficar case has reached its conclusion, marking a significant victory for Colombia.
The Colombian government’s long-awaited promise to provide fuel subsidies for taxi drivers has finally come to fruition, with the Department of Social Prosperity (DPS) spearheading the initiative.
GeoPark Limited (NYSE: GPRK) announced its operational update for the three-month period ended March 31, 2024.
The supply of natural gas has surged in Colombia, playing a pivotal role in averting a power outage amidst the ongoing challenges posed by the El Niño phenomenon.
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