Colombian Finance Minister Mauricio Cardenas cut the government’s oil price forecast, saying this could spell more austerity measures in order to meet the country’s fiscal deficit goal.
Colombia’s economic growth is likely to slump to 2.7% this year and should prepare for an “extended period” of economic slowdown, the International Monetary Fund (IMF) said Friday.
A Colombian high tribunal on Thursday approved the government’s bid to extend for up to 30 years its contract with coal company Drummond to mine under new conditions in the…
Colombia’s finance minister Mauricio Cardenas said on Friday the government was focused on cutting the country’s large current account deficit though he admitted that oil’s latest price fall could make…
Colombia’s National Hydrocarbons Agency, or ANH, has canceled three exploration and production contracts that had been awarded in 2012 to Anglo-Australian consortium Optima-Range, which also must pay $54 million.
Coal miner Cerrejon’s Colombia production fell 1.48% in 2015 compared with the previous year, while exports were down 2.33%, the company said on Thursday.
Colombia’s government sold its 57.6% stake in energy company Isagen to Canada’s Brookfield Asset Management for $1.99 billion, the finance minister said on Wednesday.
El Quimbo, a hydroelectric power plant in the southern Colombian province of Huila and the second-largest facility of its kind in South America, is functioning normally after temporarily restarting over…
Chilean energy company Colbun said on Monday it will not be able to bid for a controlling stake in Colombian power generator Isagen on Wednesday.