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Colombia is poised for significant growth in its agricultural sector, particularly in the production of ethanol from sugarcane.

Ecopetrol (NYSE: EC) announced that it has received payments amounting to CoP$12.9T in the first half of the year from the Fuel Price Stabilization Fund (FEPC).

Parex Resources suspended its exploration activities for a new oil well in the ‘Loma de Caballo’ area within the municipality of Tenerife.

In a groundbreaking move towards sustainability, Ecopetrol (NYSE: EC) successfully transported two million barrels of crude oil to international markets using a hybrid technology vessel.

Colombia boasts 342 oil fields contributing to its monitored oil production, as reported by the Colombian Petroleum and Gas Association (ACP).

Finance Minister (MinHacienda) Ricardo Bonilla outlined the government’s strategy for economic recovery, indicating that recent national economic figures and expert estimations suggest the country “has entered a path of recovery.”