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New oil field discovered in Colombia
Posted by Fletcher Berryman on Aug 29, 2015 1 comment

New oil field discovered in Colombia

A new oil field has been discovered in central Colombia by one of Chile’s larger oil and gas companies.

Colombia’s No.2 pipeline back online after 67-day closure: Energy Minister
Posted by Adriaan Alsema on Aug 26, 2015 Leave a comment

Colombia’s No.2 pipeline back online after 67-day closure: Energy Minister

Colombia’s Caño Limon-Coveñas oil pipeline, the country’s second-biggest by volume, is functioning again after being offline for 67 days because of rebel attacks, Mines and Energy Minister Tomas Gonzalez said  Full Article »

Colombia will face 10 years of economic slowdown, analysts predict
Posted by Grace Brown on Aug 25, 2015 23 comments

Colombia will face 10 years of economic slowdown, analysts predict

Two analysts have predicted that Colombia is going to face ten years of stunted economic growth unless the country increases its rates of productivity.

Colombia’s Ecopetrol to create subsidiary for offshore operations
Posted by EFE on Aug 21, 2015 Leave a comment

Colombia’s Ecopetrol to create subsidiary for offshore operations

State-controlled oil company Ecopetrol said it will create a subsidiary to develop offshore activities in Colombia.

Colombia’s Colcap index down 29% on year
Posted by Adriaan Alsema on Aug 20, 2015 5 comments

Colombia’s Colcap index down 29% on year

Stocks on Colombia’s stock exchange have lost 18% in value since the beginning of the year with energy companies and the country’s largest chain store leading the downward trend.

Colombia’s peso decline not over; Dollar could reach COP3200
Posted by Adriaan Alsema on Aug 19, 2015 8 comments

Colombia’s peso decline not over; Dollar could reach COP3200

The historic low of Colombia’s peso against the dollar reached on Tuesday is not the end of the Colombian currency’s year-long decline. However, the drop is not infinite either, analysts said  Full Article »

Colombian peso hits record low: Dollar breaks through COP3000 mark
Posted by Adriaan Alsema on Aug 18, 2015 15 comments

Colombian peso hits record low: Dollar breaks through COP3000 mark

The Colombian peso continued its decline on Tuesday when the US dollar opened above the COP3,000 mark on the local currency exchange.

Colombia’s July oil production falls 6%
Posted by EFE on Aug 17, 2015 Leave a comment

Colombia’s July oil production falls 6%

Colombia produced an average of 945,000 barrels per day (bpd) in July, down 6% from June, when output averaged slightly more than 1 million bpd, the Energy and Mines Ministry  Full Article »


Goldman Sachs sells Colombia coal unit
Posted by Reuters on Aug 14, 2015 Leave a comment

Goldman Sachs sells Colombia coal unit

Goldman Sachs has sold its controversial Colombia coal mining division to privately held Murray Energy, Murray said on Thursday, concluding the Wall Street firm’s divestment of physical commodity assets.

Colombia had $5.1B gap in 2014; Comptroller calls for fiscal prudence
Posted by Adriaan Alsema on Aug 11, 2015 Leave a comment

Colombia had $5.1B gap in 2014; Comptroller calls for fiscal prudence

Colombia closed the 2014 fiscal year with a $5.1 billion gap, the country’s comptroller general said Tuesday while calling for increased prudence in government spending amid dropping oil revenue.

Colombia peso hits record low, dollar closing in on COP3000 mark
Posted by Adriaan Alsema on Aug 6, 2015 17 comments

Colombia peso hits record low, dollar closing in on COP3000 mark

Colombia’s peso hit its lowest point of the century on Thursday morning with one US dollar worth 2,972 pesos, eight pesos more than the previous record set in 2003.

Donald Trump invests in Colombia with hotel and Medellin soccer team
Posted by Emma Rosser on Aug 6, 2015 13 comments

Donald Trump invests in Colombia with hotel and Medellin soccer team

Controversial Republican presidential candidate Donald Trump is in the market for Colombia soccer team Atletico Nacional, just days after signing a $90 million purchase of a hotel in Medellin.

Colombia reshuffles crude exports to weather low prices: Sources
Posted by Reuters on Aug 6, 2015 Leave a comment

Colombia reshuffles crude exports to weather low prices: Sources

Colombia, Latin America’s No. 4 oil producer, is changing the slate of crudes it exports in a bid to offset the falling prices that are crimping the revenues of its  Full Article »

Colombia’s central bank raises projected 2015 inflation to 4.5%
Posted by Adriaan Alsema on Aug 4, 2015 Leave a comment

Colombia’s central bank raises projected 2015 inflation to 4.5%

Colombia’s Central Bank believes inflation in the country will be 4.5% this year, a consumer price growth increase significantly higher than its initial projection of 3%.

Colombia’s peso drop: Dollar now worth more than COP2900
Posted by Adriaan Alsema on Aug 3, 2015 1 comment

Colombia’s peso drop: Dollar now worth more than COP2900

Colombia’s peso on Thursday dropped further against the dollar, which is now selling at more than COP2,900 due to falling oil prices.

Colombia business leaders seek anti-dumping regulation
Posted by Fletcher Berryman on Aug 3, 2015 Leave a comment

Colombia business leaders seek anti-dumping regulation

Colombia’s industry leaders are calling upon the government to provide stronger protection measures to prevent Colombian companies from dumping products abroad, harming their competitors.