Colombia ///

Investors fear Colombia pressured Ecopetrol into a $4 billion bailout

Ecopetrol SA, Colombia’s biggest oil company, would hand over about $4 billion to the government in exchange for control of another state-sponsored outfit, the electric utility giant known as ISA. The deal, as investors from Bogota to New York see it, has all the markings of a cash-strapped federal government forcing a state-run company to bail it out.

Colombia seeks $1 billion Ecopetrol dividend, amid massive civil unrest

Colombia is seeking an additional payout of almost $1 billion from its oil company Ecopetrol S.A. as it faces increased spending pressure amid massive anti-government demonstrations.

Colombia’s Ecopetrol reports profit growth despite falling commodity prices

Ecopetrol recorded net profits of $ 6.2 billion in the first half of 2019, the highest since 2013 for the first half. Profits grew 1.6% while the price of Brent crude decreased 7% in that period.

‘Deliberate action’ in Colombia ignites 2,600 bbls of crude, hinders firefighters’ efforts

Ecopetrol and Cenit report that unidentified individuals deliberately set fire to four temporary crude oil retention pools containing 2,600 barrels of oil in the Colombian municipality of Arauquita, Arauca.