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Colombia's new government pushes ahead with its Ecopetrol shake-up, swapping five vice presidents weeks after Ricardo Roa's exit.

Colombia's May 31 election pits three candidates with opposite records on oil, investment, security, and foreign policy.

Ecopetrol's Q1 EBITDA rose despite an 8.7% revenue drop — governance crisis and a $3.3B tax dispute loom over Colombia's state oil giant.

Roa is facing a 2nd criminal charge after prosecutors accused him of alleged influence peddling involving a public official.

Ecopetrol faces a $30 billion USD debt and a looming national strike as the labor union demands the removal of President Ricardo Roa.

The oil and gas workers union called for the removal of Ecopetrol’s president following formal influence-peddling charges filed by Colombia’s Attorney.

Roa and Jaramillo face court demands for over $2.25 billion COP in unpaid debts to Sociedad Aérea de Ibagué.

Breaking news: As of 5pm today, Armando Benedetti was spotted on a commercial flight leaving Panamá for Istanbul Turkey.