Tag

Ecopetrol refinances $1.25 billion USD in debt and secures a $1.6 trillion COP subsidy payment from the Colombian government.

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.

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 main objective of the pilot is to evaluate the technical and environmental feasibility, as well as the performance of the generation of green hydrogen at the Cartagena Refinery.

With the culmination of the purchase of a controlling 51.4% stake in Interconexión Eléctrica ("ISA"), the quarterly figures include the consolidated results of this subsidiary for one month.

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.

From Odebrecht and the Panama Papers to court and Congress officials accepting bribes, Colombians are increasingly fed up with their nation's pervasive corruption.

Moody's cited Ecopetrol's "improving credit metrics and strong liquidity," but recognized the remaining risk associated with its low 6.7 years of reserve life.

CEO Juan Carlos Echeverry says "2016 was a year of enormous challenges for Ecopetrol," but he believes increased investment in 2017 will improve results in the coming years.