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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.

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.

The board of directors' decision has spurred fears of a leadership crisis and controversy about the future of Colombia's most important company.

Despite the arbitration ruling, Reficar's recovery of the $1 billion USD is now in question due to CB&I's bankruptcy.

Children found alive, witness found dead, JetSmart connects with American Airlines, Ecopetrol wins a billion, EmpleoBilingue is here!

The parties also agreed to allocate resources for social investment projects and energy transition forums.

"We have not said that we will not sign new search and exploration contracts," said Ecopetrol President Ricardo Roa.

Ecopetrol announced a record increase in revenue for 2022, and shared the progress of some of their programs looking into the future.

President Gustavo Petro, a petroleum industry opponent, is making move to align the board of directors to his ideology.

On the markets the Peso had a bumpy week before recovering somewhat by Friday.