Colombia Oil Reserves Seen Falling as Petro Bans New Drilling
An imminent Colombian government tally of the nation's oil reserves is expected to show a decline.
Stay updated with breaking news from Daniel Guardiola. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
An imminent Colombian government tally of the nation's oil reserves is expected to show a decline.
Ecopetrol SA bond prices fell after the company said Felipe Bayon will step down as chief executive officer.
Ecopetrol SA bond prices fell after the company said Felipe Bayon will step down as chief executive officer.
Colombia is bracing for the prospect of a radical change in economic and political direction after electing a former guerrilla to the presidency on a platform of transforming the country’s business-friendly model. Gustavo Petro, 62, defeated construction magnate Rodolfo Hernandez in Sunday’s runoff vote, giving him a shot at enacting a program that includes plans to tax big landowners, halt the awarding of oil exploration licenses and revive ties with the socialist government of neighboring Venezuela. “It’s historic,” said Silvana Amaya, an analyst at Control Risks consultancy in Bog...
Colombia is bracing for the prospect of a radical change in economic and political direction after electing a former guerrilla to the presidency on a platform of transforming the country's business-friendly model.