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The trade conflict started last month when Ecuador's President Daniel Noboa imposed tariffs as a complaint over Colombia's alleged failure to address security concerns.

Recent board changes consolidate the Petro administration's control of the Ecopetrol board of directors.

The loan from by the state controlled petroleum company from a Colombian private bank is roughly $180.3 million USD.

As of 2024, SierraCol reported free cash flow of $172 million and net debt of $511 million.

Online gambling will be permanently subject to VAT, requiring non-resident operators to register, collect, and file VAT from 2026 onward.

Under Petro’s governance, Colombia has gone from being a net exporter to a net importer of natural gas.

The announcement is a positive sign for collaboration between the two oil giants.

Colombia's President Gustavo Petro has taken a definitive anti-petroleum stance, and has appointed his former campaign manager as Ecopetrol's CEO.

Before being appointed CEO of Ecopetrol, Ricardo Roa ran Colombian President Gustavo Petro's political campaign.

The Komodo-1 well will reach 3,900 meters or almost 2.5 miles under the Caribbean Sea.