Local media revealed that the National Planning Department (DNP) and other entities were involved in corruption scandals with the use of royalties.
The handover process at the Ministry of Mines and Energy (MinEnergia) began between the current government of President Iván Duque and the team of President-elect Gustavo Petro .
President-elect Gustavo Petro spoke about his plans for large companies such as Ecopetrol (NYSE: EC) and ISA.
The propane price discount ended last June 30th, generating an increase in the cost of this fuel.
No one likes to be blamed for something they didn’t do. In the days following Gustavo Petro’s victory in Colombia’s recent presidential elections, Colombia-focused oil and gas stocks nosedived, with Ecopetrol in particular losing over 25% of its value at one point. Petro says “I’m not to blame” saying all oil and gas stocks were in decline because of the inevitability of energy transition. Let us use the data to see if he is right.
Oil, gas, and companies dedicated to the derivatives of this sector such as transportation and marketing come from a year in which international prices served to pull up revenues.
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