Colombia’s government expects $3.5 billion (9.5 trillion pesos) in oil revenue this year, down 60% from 2013 as the sharp drop in crude prices reduces the oil industry’s tax and royalty Full Article »
Ecopetrol’s decision to take back control of the Rubiales field will imply heavier investment for it to sustain output and now raises the pressure on Canada’s Pacific Rubiales to replace Full Article »
The US dollar on Tuesday continued to rise against Colombia’s peso, nearly breaking through the COP2,700 mark it hadn’t reached since 2004.
Since Colombian truckers began a national strike three weeks ago, 22 protesters have been arrested, the government said on Monday.
The former director of Colombia’s largest but now-defunct brokerage firm has gone from being one of the country’s most celebrated businessmen to becoming an international fugitive. Here’s how.
Colombia’s state-run oil company Ecopetrol will not extend its contract with Toronto-listed Pacific Rubiales to operate the country’s highest-producing oilfield, the company said on Friday. Under the contract, set to Full Article »
A trucker strike that has kept approximately 40% of trucks off the road in Colombia is beginning to cause food shortages and increased food prices in Bogota and Medellin.
The dollar broke the barrier of COP2,600 on Monday, sparking speculation of a further substantial rise which would increase Colombia’s prices in a number of key areas.