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Finance Colombia Readers Invited On Virtual Tour of Ecopetrol’s Cartagena Refinery

Finance Colombia readers are invited to attend a virtual tour around the production site of Ecopetrol’s Cartagena Refinery within the Online Business Congress and one-on-one Meetings during the “Colombia Oil and Gas 2020” congress  July 22-24.
Posted On June 11, 2020
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Ecopetrol Barrancabermeja Oil Spill Santander 2
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Cenit Activates Contingency Plans Due To Series of Pipeline Attacks This Week

Cenit, an Ecopetrol Group subsidiary company, has informed that it activated the contingency plan in the pipelines of Caño Limón-Coveñas and Bicentenario to address the emergencies caused by seven attacks that have taken place since last Saturday in Arauca, Boyaca and Norte de...
Posted On June 8, 2020
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Report: Latin American Petroleum Profits Will Be Only 1/3 Of 2019

During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.
Posted On June 8, 2020
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Colombia Oil & Gas 2020 To Be Held Online July 22-24

The 2nd Online Business Congress and One-on-One meetings event “Colombia Oil And Gas 2020” is an international, professional platform, bringing together flagship oil and gas companies from Latin America and world suppliers for the industry. The Colombia Oil and Gas...
Posted On May 25, 2020
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Ecopetrol oil and gas company headquarters in Bogotá, Colombia
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Ecopetrol Announces Q1 2020 Results

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announced last week the Ecopetrol Group’s financial results for the first quarter of 2020, prepared in accordance with International Financial Reporting Standards (IFRS) applicable in Colombia. Table 1: Financial Summary of Income...
Posted On May 25, 2020
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Colombia’s Petroleum Producers & Labor Union United In Decrying Oil Transport Rate Inflexibility

Both the Colombian petroleum producers' industry group ACP and the petroleum workers' union UTIPEC are in agreement in their calls for flexibility in petroleum transportation prices in Colombia's indirectly government controlled transportation network, and decry CENIT's financing...
Posted On May 5, 2020
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ecopetrol colombia fitch ratings bogota juan carlos echeverry
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Fitch Downgrades Ecopetrol, Ocensa, Candelaria; Sura, Emgesa, UNE EPM, Isagen, GEB, TGI Stay Strong

The rating downgrades of Ecopetrol, OCENSA and A.I. Candelaria reflect the direct and indirect linkage of these companies to the Sovereign Rating downgrade of Colombia, which Fitch downgraded to 'BBB-' from 'BBB'. The ratings for Emgesa, Isagen and UNE EPM Telecomunicaciones have...
Posted On April 8, 2020
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Sergio Guzmán: Coronavirus Pandemic Threatens Systemic Disruption To Colombian Society, Politics

Colombia is in the middle of a national curfew as part of the country’s effort to contain the spread of the Coronavirus COVID-19 Pandemic. With certain exceptions, no one is to leave their homes until April 13, the day after Easter. As is the case around the world, the economic...
Posted On March 31, 2020
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Ecopetrol To Reduce 2020 Investment By $1.2 Billion USD Due To Pandemic, Economic Conditions

Ecopetrol To Reduce 2020 Investment By $1.2 Billion USD Due To Pandemic, Economic Conditions
Posted On March 18, 2020
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Homicide Crime Photo Courtesy Geralt Pixabay
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Financial Bloodbath: Colombian Bellwether Stocks Avianca & Ecopetrol, Colombian Peso All Plunge

Colombia's currency and bellwether stocks Avianca & Ecopetrol all took a plunge this week s double whammies of coronavirus panic and petroleum trade wars between Saudi Arabia & Russia impact the global economy. How will things play out?
Posted On March 11, 2020
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This familiar view of the Capitol’s East Front appeared in Die Gartenlaube, a popular German illustrated weekly newspaper. Published in Leipzig, the periodical was aimed at the middle classes and deemed a “friend of the family,” both for its instructive and entertaining content and generous use of images with text. The Capitol exterior was completed two years before this publication, during the Civil War, and its image appeared frequently in international periodicals. 1865, Collection of the U.S. House of Representatives

94 US Congress Members Call Out Colombia’s Duque Administration For Failures To Protect Human Rights Defenders & 2016 Peace Accord Implementation

Posted On July 7, 2020

After First COVID-19 Tax Holiday Devolves Into Fiasco, Colombian Government Pushes E-Commerce For Next Two, Restricts In-Store Sales

Posted On June 29, 2020

Colombia Extends Curfew Until July 15, Some Discretion For Restaurants & Worship Delegated To Mayors

Posted On June 29, 2020
Image by Finn Maxwell Cousineau from Pixabay

5 Firms To Begin 5G Network Trials In Colombia While 4G Deployment Continues

Posted On June 29, 2020
The above IHME map shows the mean value (across the 1,000 regressions that IHME runs in its SEIR model) of effective reproductive number, R, on June 9. Infections on June 9 roughly correspond to cases of COVID-19 on June 20 given the average duration of 11 days between infection and being reported as a case. Where this value is greater than 1, it means that every person infected with COVID-19 will produce more than one additional infected person. To successfully eliminate a disease from a population, R needs to be less than 1. The map shows that on June 9 in many parts of the world, R was lower than 1, including many parts of North America, Europe, Africa, India, Australia, and New Zealand. Locations that are showing effective R values greater than 1, which means that the number of cases of COVID-19 in the population is growing, include several states in India, the US, Mexico, and Brazil, as well as many countries in the Southern Hemisphere, such as Argentina, Chile, and Indonesia. Several countries in the Middle East, including Egypt, Saudi Arabia, Iraq, and Yemen, as well as Turkey and Iran, also had R values greater than 1 as recently as two weeks ago.

Up To 81,942 May Die In Colombia From COVID-19 Says University of Washington Institute

Posted On June 29, 2020

Guest Opinion: A Signal of Caution For Direct Investment in Colombia—Über VP of Global Public Policy

Posted On January 16, 2020
Plus Ultra A340

Spanish Airline Plus Ultra Arrives In Colombia With Madrid-Cali-Cartagena Routes

Posted On January 27, 2020
Homicide Crime Photo Courtesy Geralt Pixabay

Colombia's Homicide Rate Reaches 30 Year Low In 2014

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Colombia Raises Monthly Minimum Wage To $644,350 (US $270 as of Jan.20) For 2015

Posted On January 20, 2015
The International Narcotics Control Board (

UN Board Allocates To Colombia 56.5 Ton High-THC Regulated Marijuana Production Quota

Posted On December 30, 2019
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