Economy

Colombian Ecopetrol Again Asks OFAC to Lift Restrictions on Negotiations with Venezuela

Colombian state oil company Ecopetrol is considering revising its investment plan in April if oil prices remain high, driven by geopolitical tensions that have boosted energy markets. Reuters The company plans to invest near the upper limit of its planned range of between 22 and 27 trillion Colombian pesos (approximately [...])

Valoralta Case: More Than USD 1.1 Million Invested in Venezuelan Brokerage Firm Allegedly Disappeared

The alleged disappearance of over 1.1 million dollars invested in a Venezuelan brokerage firm has led to a criminal investigation and is beginning to generate concern within the country's financial market. Venezuelan dentist Danae Pacheco Vásquez formally reported the disappearance of USD 1,145,039.39, funds transferred in 2014 to Valoralta Casa de Bolsa with the aim of investing in bonds of the Bolivarian Republic of Venezuela.

WSJ

Venezuelan oil imports to the United States registered a significant increase in recent weeks, at a key moment for the international energy market marked by geopolitical tensions and risks to global crude supply. According to information published by The Wall Street Journal, more than two dozen oil tankers transported crude oil from Venezuela to the U.S. Gulf Coast during February, with shipments exceeding 280,000 barrels per day, the highest level in more than a year.

OFAC Approves License for Monómeros to Restore International Operating Capacity

The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has approved a license that will allow Monómeros Colombo Venezolanos to regain its ability to operate in the international market, despite sanctions against companies linked to the Venezuelan state. The authorization enables the petrochemical company, based in Barranquilla, Colombia, to carry out financial and commercial transactions necessary for its operations, including dealings with financial institutions and foreign companies. This type of license allows the company to continue marketing fertilizers and other raw materials abroad without being blocked by the U.S. sanctions system.

Regime Authorizes Transfer of Mining Concession Between Chinese Companies in Mulukukú

The Ministry of Energy and Mines approved the transfer of mining rights for the Isabela lot in Mulukukú, transferring the concession from Zhong Fu Development S.A. to Waslala Mine S.A.

Transport Ministry Executed Less Than Half of Budget, Leaving Over $1 Billion Uninvested in 2025: CCI

Portafolio Journalist 03.05.2026 11:46 Updated: 03.05.2026 11:46

Gold Falls Towards US$5,050 per Ounce as Dollar Strengthens Amid Middle East Tensions

The price of gold extended its downward trend this week and approached the US$5,050 per ounce level today.

The production of the coffee bean in Colombia plummeted 36% in February, totaling 869,000 bags

Portafolio Journalist03.05.2026 11:08 Updated: 03.05.2026 11:08

Salvador de Bahía: Housing and Investment in a Future-Oriented Project

In a real estate market marked by price uncertainty, Ingenal Arquitectura & Construcción has established itself in Cartagena with a proposal that prioritizes stability and trust: the commercialization of its projects with a fixed price in Colombian pesos, a modality that has become one of its main differentiators.

Economic uncertainty in February remained above the historical average, says Fedesarrollo

Portafolio Journalist 05.03.2026 10:21 Updated: 05.03.2026 10:21

US Renews License for Monómeros and Orders its Income to be Deposited in a Treasury-Administered Fund

Aerial view of Monómeros facilities in Barranquilla. Photo: Private archive

The Trump Administration Negotiates a Multimillion-Dollar Gold Deal with Venezuela

Officials from Donald Trump's Administration are negotiating a multimillion-dollar deal with the Venezuelan state mining company Minerven to sell up to a ton of gold to the U.S. market, amid growing economic cooperation between the two countries.