In a move that has sparked controversy amid a looming energy crisis, the Colombian government has once again submitted a bill to Congress that would ban the exploration and exploitation of unconventional oil and gas reserves, including the use of hydraulic fracturing, or fracking. This comes despite the country’s mounting challenges in securing firm gas supplies for domestic demand.
During the recent summit of energy ministers from the Community of Latin American and Caribbean States (CELAC), hosted in Bogotá by the Ministry of Foreign Affairs and the Ministry of Mines and Energy (MinEnergia), Minister Edwin Palma announced the Colombian government’s intention to sign a confidentiality agreement to evaluate the potential acquisition of Monómeros.
Fitch Ratings has assigned a long-term national rating of ‘AAA(col)’ to Promigas’ CoP$350B ordinary bond issuance, underscoring the company’s strong market position in Colombia’s natural gas transportation and distribution sectors.
The DIAN and DANE reported the behavior of Colombia’s imports during May this year.
GeoPark (NYSE: GPRK) announced a new Protocol to Contribute to the Protection of Individuals in Situations of Risk or Threat, reinforcing its long-standing commitment to human rights in Colombia
The Petro administration is moving forward with plans to increase the price of diesel for certain vehicle categories in Colombia, according to a draft decree released by the Ministries of Finance (MinHacienda) and Energy (MinEnergia).
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