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Colombia Halts Major Oil Deal with the U.S.

Sector: Oil and Gas • Location: Colombia

Source: La Voce di New York

Project
Cancelled

Colombian President Gustavo Petro ordered the state-run oil company Ecopetrol to withdraw from a $1 billion joint venture with U.S. energy giant Occidental Petroleum due to environmental concerns. The deal was set to produce 90,000 barrels of oil per day and involved expanding operations in the Permian Basin.

Status
Failure
Sector
Oil and Gas
Location
Colombia
Updated
22 Jul 2026
Source
La Voce di New York

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The project “Colombia Halts Major Oil Deal with the U.S.” is an infrastructure initiative in the Oil and Gas sector, located in Colombia. Taiyo aggregates data on it from La Voce di New York.

Participants

Company

Status

Original status

Cancelled

Taiyo status

Failure

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

Colombian President Gustavo Petro ordered the state-run oil company Ecopetrol to withdraw from a $1 billion joint venture with U.S. energy giant Occidental Petroleum due to environmental concerns. The deal was set to produce 90,000 barrels of oil per day and involved expanding operations in the Permian Basin.

Original sector

Energy

Budget

Location

Country

Colombia

Source

Source

La Voce di New York

URL

More Details

Record type

Project

Sector

Oil and Gas

Article published date

2025-02-14

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