Skip to main content
Colombia's Petro cancels joint oil venture with US company
Colombia President's Gustavo Petro addresses the 79th session of the United Nations General Assembly at United Nations headquarters, September 24, 2024

COLOMBIAN President Gustavo Petro ordered the state-run oil company Ecopetrol to cancel a joint venture with a United States-owned company, citing environmental concerns on Tuesday.

In a nationally televised speech, Mr Petro said he opposed the recent extension of a deal between Ecopetrol and Occidental Petroleum because it involved extracting oil through fracking.

Fracking is a controversial technique, used to extract oil and gas from shale rock, criticised by many environmental groups for polluting water sources and causing earth tremors.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Colombia protest
Features / 31 October 2025
31 October 2025

Colombia’s success in controlling the drug trade should be recognised and its sovereignty respected, argues Dr GLORY SAAVEDRA

President Donald Trump shakes hands with India's Prime Minister Narendra Modi in the Oval Office of the White House, February 13, 2025, in Washington
India / 16 October 2025
16 October 2025