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//ecopetrol
A driver filling up at their tank at the gas pump.
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Gasoline & Diesel Prices in Colombia: Looking at the FEPC and the Future of Subsidies

The Finance Ministry met with transport companies and stated that, if there is no increase in the price of diesel, this will add another $2.6 billion USD to the FEPC by the end of 2024.
Posted On November 25, 2023
, By Rupert Stebbings
Loren podcast
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Colombia Business News Recap: November Post Election Analysis, Rising Insecurity in Colombia

Daniel Quintero's ticket got humiliated, the Diaz kidnapping signals rising insecurity, voters dissatisfied with Petro, "Total Peace" not working.
Posted On November 14, 2023
, By Loren Moss
Banco de la República, the central bank of Colombia, in Bogotá. (Photo credit: Camilo Sanchez)
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What Will the Colombian Central Bank Do After a Better Inflation Print?

Will Banco de la República upgrade its November meeting to a "decision" meeting in order to cut rates from 13.25% and start the easing cycle?
Posted On November 11, 2023
, By Rupert Stebbings
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Local Colombian Elections Are Upon Us — Along with Hopes for a More Democratic Venezuela

Colombia has a vested interest in the potential of having a future democratic neighbor, and last week, we saw Washington lift sanctions on Caracas for six months.
Posted On October 24, 2023
, By Rupert Stebbings
Tax calculator
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What Jumps Out: Who Will Pay the Bills?

Much of the private sector continues to think that a sovereign nation can continue to operate, pay the bills, and support all the public services required even with everyone paying the minimum taxes possible.
Posted On October 21, 2023
, By Rupert Stebbings
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Fearing the Firm Won’t Pay Its Debt, Reficar Asks a US Court to Freeze CB&I Assets

Ecopetrol subsidiary Reficar has asserted that CB&I has entered into an internal restructuring to avoid honoring the debt a court ordered it to pay in June.
Posted On October 9, 2023
, By Gustavo Mejia
Above photo: «Ecopetrol» de Dvalencia – Own work, used under license CC BY-SA 3.0 vía Wikimedia Commons - https://commons.wikimedia.org/wiki/File:Ecopetrol.jpg#/media/File:Ecopetrol.jpg
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Major Shakeup Hits Ecopetrol as Four Vice Presidents Abruptly Leave the State-Controlled Oil Company

The board of directors' decision has spurred fears of a leadership crisis and controversy about the future of Colombia's most important company.
Posted On August 21, 2023
, By Santiago Ramirez
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Arbitration Ruling Awards Reficar More Than $1 Billion USD in Case Against CB&I

Despite the arbitration ruling, Reficar's recovery of the $1 billion USD is now in question due to CB&I's bankruptcy.
Posted On July 3, 2023
, By Juan Guevara
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Video: Colombia Business News Recap For June 11, 2023

Children found alive, witness found dead, JetSmart connects with American Airlines, Ecopetrol wins a billion, EmpleoBilingue is here!
Posted On June 11, 2023
, By Loren Moss
USO celebrates successful labor negotiations with Ecopetrol (photo: USO)
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Ecopetrol, Labor Unions Reach New 4-Year Collective Bargaining Agreement

The parties also agreed to allocate resources for social investment projects and energy transition forums.
Posted On May 24, 2023
, By Loren Moss
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