Ecopetrol’s dollar bonds continued its declines last week after Colombia’s presidential election frontrunner Gustavo Petro repeatedly vowed to halt oil drilling as soon as he takes office. “Political noise will incrementally take center stage, as the country...
Colombia’s state-owned oil company Ecopetrol received approval from Superfinanciera, a financial regulator to carry out a share sale on the local stock exchange to lower the government’s stake in the company. Ecopetrol could sell up to 4.3mn shares to lower the...