S'abonner

Ecopetrol: A Record Budget of 28 Trillion Pesos for 2025

The Colombian group Ecopetrol announces a historic investment for 2025, aiming to strengthen oil production, accelerate the energy transition, and improve infrastructure while pursuing its sustainability goals.

Share:

Investments in Hydrocarbons

Ecopetrol S.A., a leader in the energy sector in Colombia, has unveiled an ambitious budget for 2025, estimated between 24 and 28 trillion pesos. This plan reflects a significant increase compared to 2024 and is part of a strategy focused on financial discipline and resource optimization.

Nearly 17.2 trillion pesos, or 52% of the budget, will be dedicated to exploration and production. This funding will maintain production levels between 740,000 and 745,000 barrels of oil equivalent per day, divided into 78% crude oil, 17% natural gas, and 5% refined products. Additionally, 455 to 465 development wells will be drilled, primarily in Colombia, supplemented by projects in the Permian Basin and the Gulf of Mexico.

Investments in Transport and Refining

Transport investments will reach approximately 1.5 trillion pesos, allocated to infrastructure integrity managed by subsidiaries such as Cenit Transporte y Logística and Oleoducto Central S.A. The goal is to ensure a steady flow of 1,130,000 to 1,170,000 barrels per day.

The refining segment will receive approximately 1.6 trillion pesos to ensure operational reliability in Barrancabermeja and Cartagena, reduce product imports, and develop renewable fuel projects. The combined refinery load is expected to reach 415,000 to 420,000 barrels per day.

Support for Energy Transition Projects

Around 6.5 trillion pesos, representing 24% of the total budget, will be allocated to energy transition initiatives and related activities. These projects include developing renewable energy, improving energy efficiency, and reducing CO2 emissions. Ecopetrol expects a reduction of 300,000 tons of CO2 equivalent, contributing to its goal of cutting emissions by 30% by 2030.

Focus on Sustainability

As part of its SosTECnibilidad® program, the company will invest 2.3 trillion pesos in initiatives targeting climate change mitigation, biodiversity preservation, and innovation in technology research.

Financial Performance and Expectations

Assuming an average Brent price of USD 73 per barrel, Ecopetrol anticipates a competitive EBITDA margin of 39%, accompanied by transfers to the nation amounting to approximately 35 trillion pesos. Concurrently, the company aims for operational savings of 4 trillion pesos through cost improvements in lifting, refining, and transportation.

Regional Leadership Objectives

Interconexión Eléctrica S.A E.S.P. (ISA), a key Ecopetrol subsidiary, will receive 6.5 trillion pesos, with 90% of these investments directed toward strengthening the electrical transmission network, which will reach 50,400 km by 2025.

Ecopetrol thus reaffirms its leadership position not only in Colombia but also across the continent, with strategic investments spanning oil, gas, renewable energy, and critical infrastructure.

  • Populaires ​
Czech Republic hit by massive power outage disrupting the economy
Donald Trump significantly increases US tax credits for carbon capture
EDF postpones Calvados wind farm to 2027 due to faulty drilling tool
Gabon reactivates deep offshore blocks to stem oil decline
Egypt accelerates El-Dabaa national grid connection for 2026
Trump law reshapes US energy markets according to Wood Mackenzie
US President Donald Trump's One Big Beautiful Bill Act dramatically changes energy investment rules, imposing restrictions on renewables while favouring hydrocarbons, according to a recent report by consultancy firm Wood Mackenzie.
The French Senate adopts the Gremillet bill for energy transition
On July 8, 2025, the Senate validated the Gremillet bill, aimed at structuring France's energy transition with clear objectives for nuclear power, renewable energies, and energy renovation.
Latin America’s six largest economies accelerate transition to renewables
Brazil, Mexico, Argentina, Colombia, Chile, and Peru significantly increase renewable electricity production, reaching nearly 70% of the regional electricity mix, according to a recent Wood Mackenzie study on Latin America's energy sector.
Canada funds 13 Indigenous energy projects with $40mn investment
The Canadian government announces an investment of more than $40mn to fund 13 energy projects led by Indigenous communities across the country, aiming to improve energy efficiency and increase local renewable energy use.
Germany extends electricity price aid to 2,200 companies
The German Ministry of Economy plans to significantly expand aid aimed at reducing industrial electricity costs, increasing eligible companies from 350 to 2,200, at an estimated cost of €4bn ($4.7bn).
France anticipates significant slowdown in emission reductions starting in 2025
French greenhouse gas emissions are expected to rise by 0.2% in the first quarter of 2025, indicating a global slowdown in reductions forecast for the full year, according to Citepa, an independent organisation responsible for national monitoring.
U.S. Senate Approves Accelerated End to Renewable Energy Tax Credits
The Republican budget bill passed by the U.S. Senate accelerates the phase-out of tax credits for renewable energies, favoring fossil fuels and raising economic concerns among solar and wind industry professionals.
Brazil: renewable energy curtailment to jump by 300% by 2035
Rapid growth in solar and wind capacities will lead to a significant rise in electricity curtailment in Brazil, as existing transmission infrastructure remains inadequate to handle this massive influx of energy, according to a recent study by consulting firm Wood Mackenzie.
South Korea reduces its dependence on fossil fuels below 50%
In April 2025, fossil fuels represented 49.5% of South Korea's electricity mix, dropping below the symbolic threshold of 50% for the first time, primarily due to a historic decline in coal-generated electricity production.
US Senate adopts tax neutrality for advanced biofuels
The US Senate Finance Committee modifies the '45Z' tax credit to standardize the tax treatment of renewable fuels, thereby encouraging advanced biofuel production starting October 2025.
Renewable energy: access improving, but financing still insufficient for Africa
According to the 2025 report on global energy access, despite notable progress in renewable energy, insufficient targeted financing continues to hinder electricity and clean cooking access, particularly in sub-Saharan Africa.
China and the United States improve their energy performance in an unstable global context
While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.
Algeria and Angola strengthen energy cooperation at US–Africa summit
On the sidelines of the US–Africa summit in Luanda, Algiers and Luanda consolidate their energy collaboration to better exploit their oil, gas, and mining potential, targeting a common strategy in regional and international markets.
UK urged to accelerate electricity price reforms
The UK's Climate Change Committee is urging the government to quickly reduce electricity costs to facilitate the adoption of heat pumps and electric vehicles, judged too slow to achieve the set climate targets.
Brussels expands subsidies for low-carbon technologies and nuclear power
The European Commission will extend until the end of 2030 an expanded state-aid framework, allowing capitals to fund low-carbon technologies and nuclear power to preserve competitiveness against China and the United States.
Japan Faces Major Electricity Shortfall of 89 GW by 2050
Japan's grid operator forecasts an energy shortfall of up to 89 GW by 2050 due to rising demand from semiconductor manufacturing, electric vehicles, and artificial intelligence technologies.
EU Approves Targeted Energy Aid for Europe’s Heavy Industries
Energy-intensive European industries will be eligible for temporary state aid to mitigate high electricity prices, according to a new regulatory framework proposed by the European Commission under the "Clean Industrial Deal."
Mauritius launches international tender for floating power plant
Mauritius seeks international investors to swiftly build a floating power plant of around 100 MW, aiming to secure the national energy supply by January 2026 and address current production shortfalls.
Spain and Portugal Strengthen Networks Following April Blackout
Madrid announces immediate energy storage measures while Lisbon secures its electrical grid, responding to the historic outage that affected the entire Iberian Peninsula in late April.
Indonesia Commits 190 Billion USD to Expand Energy Capacity by 2034
Indonesia has unveiled its new national energy plan, projecting an increase of 69.5 GW in electricity capacity over ten years, largely funded by independent producers, to address rapidly rising domestic demand.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING