The agricultural sector emerged as one of the key drivers of Colombia’s economy in 2024. By the third quarter, it was the fastest-growing sector, expanding at an annual rate of 10.7%. After coffee, which had an exceptional year, permanent crops such as sugarcane showed the highest growth.
Vanti confirmed a 36% increase in natural gas tariffs starting in February, impacting residential, commercial, and industrial users across Bogotá, Medellín, Bucaramanga, Villavicencio, Manizales, Pereira, Armenia, Ibagué, Neiva, and Yopal, among other cities.
Arrow Exploration Corp. (TSXV: AXL) released an operational update[i] on the Alberta Llanos field within the Tapir Block in the Llanos Basin, where it holds a 50% beneficial interest.
Ecopetrol (NYSE: EC) announced a temporary shutdown of one of the 56 units at its Barrancabermeja refinery in March 2024. The maintenance, which occurs once every three decades, has been in planning for over three years.
The Colombian government, with a legal team comprising specialized attorneys from the National Agency for Legal Defense of the State (Andje) and external advisors, will defend itself before the International Centre for Settlement of Investment Disputes (ICSID) against a lawsuit filed by Chinese-owned but Canada-based mining company Continental Gold Inc.
We had planned to write about gas prices this week anyway but then on Friday, February 7th, one of the country’s biggest gas distributors, Vanti, said prices in some areas would have to go up by 36%. That got everyone’s attention
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