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Ricardo Roa's appointment to head the state-controlled petroleum giant came after he managed Gustavo Petro's presidential campaign.

Until now, Colombia's current president has not been seriously tied to narcotics, however he once belonged to a homicidal guerilla group.

The charges come as Ecopetrol faces scrutiny over corporate governance and reporting of petroleum reserves.

Roa and Jaramillo face court demands for over $2.25 billion COP in unpaid debts to Sociedad Aérea de Ibagué.

The CUT’s two-day general strike was peaceful but small; it failed to build momentum for the Labor Reform Referendum as intended.

In addition to the investigation into his role in the presidential campaign and appointment of the president of ISA, Roa is also allegedly implicated in a corruption scandal at Ecopetrol

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.

While the fall was slightly better than expected, the positive difference is likely not enough to radicalize the central bank into taking more drastic measures.

This week, Petro was in Venezuela with Nicolás Maduro — and oil and gas topped the agenda.