Petro warns that Ecopetrol faces an “exhausted model” and accuses Permian of being a ruinous business for the country: “It is only profitable for the United States”

President Gustavo Petro reignited the debate on the country’s energy future by warning that Ecopetrol’s model faces structural limits of profitability. In an extensive statement, the president maintained that Colombia cannot continue discussing only the increase in crude oil production, but must focus on its real profitability. “We not only have to talk about how …