Sector de minas y canteras podría caer 6,1% durante el 2025, afirma Corficolombiana

TL;DR

Corficolombiana predicts a negative year for Colombia's mining and quarrying sector in 2025.
Oil production is expected to fall below 750,000 barrels, accelerating in the last quarter of 2025.
Reasons for the decline include an export tax on hydrocarbons and a ban on coal exports to Israel.
Commercialized gas production continues to decrease, leading to higher import volumes.
The mining and quarrying sector declined by 10.3% in Q2 2025, the largest annual drop outside the pandemic.
Oil production from January to July 2025 was 747,000 barrels, a 4.3% decrease from the previous year.
Local gas production has fallen for 21 consecutive months, down 18% year-to-date.
Ecopetrol's EBITDA and net profit fell 11% and 25% respectively in Q2 2025.
The sector is expected to contract by 6.1% in 2025, with negative growth in hydrocarbon and coal extraction.
Oil reserves slightly increased to 7.2 years but remain below 2022 levels.
Crude oil export value fell 19% in the first half of 2025 due to lower prices.

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