Colombia Halts Major Oil Deal with the U.S.
Sector: Oil and Gas • Location: Colombia
Source: La Voce di New York
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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Project Information
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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