The petroleum workers called for Ricardo Roa’s head following formal influence-peddling charges filed by Colombia’s Attorney General’s Office.

One of Colombia’s principal petroleum worker’s unions, the Unión Sindical Obrera (USO), has formally requested that Ecopetrol’s board of directors remove Ricardo Roa Barragán as president of the state-controlled oil company, amid ongoing investigations against him by the Attorney General’s Office. The union warned that it will call a nationwide strike if the request is not addressed.

The request was made in a letter dated March 24, sent after a meeting between union representatives and the company’s board. In the document, the USO stated that, “understanding the feelings of the Colombian people as reflected by the thousands of Ecopetrol workers, we immediately request that, within the framework of due diligence, the board of directors adopt the necessary measures to remove Dr. Ricardo Roa Barragán from his position as president of Ecopetrol.”

The union added that, if the request is not met, “this union will call for nationwide mobilization in defense of the most important asset of the Colombian people.”

On the same day, March 24, Ecopetrol’s board issued a public response, reported by outlets such as Caracol Radio, stating that it had reviewed requests from employees, the union and some minority shareholders.

In its statement, the board said it is “aware of its responsibilities within the framework of due diligence” and has been assessing the risks to the company stemming from reports related to Roa. However, it confirmed that Roa will remain in his position while the evaluation process continues.

The union’s request follows charges filed by the Attorney General’s Office on March 11 against Roa for alleged influence peddling. According to prosecutors, Roa is accused of favoring a third party in the allocation of a project in exchange for a reduction in the price of an apartment he purchased in 2023.

More details on the case can be found in the article “Colombia’s Top Prosecutor Charges Ecopetrol President in Alleged Influence-Peddling Case,” published by Finance Colombia.

At this stage, although the information has been publicly reported, judicial decisions remain under the authority of the Attorney General’s Office, which is leading the proceedings.

Roa’s legal situation is also linked to another investigation involving alleged irregularities in the financing of the Pacto Histórico presidential campaign in 2022, which he managed and which resulted in Gustavo Petro’s election as president.

In February, the Attorney General’s Office said investigators found indications that the campaign may have exceeded legal spending limits. A similar case had already been reviewed by Colombia’s elections authority, the National Electoral Council, which fined those responsible more than $5 billion Colombian pesos (over $1.4 million USD).

Photo by Ecopetrol.

So far, three people have been convicted in the killing of former presidential candidate Miguel Uribe Turbay, while arrest warrants target seven members of FARC dissident factions.

Colombia’s Attorney General’s Office is advancing its investigation into the assassination of Senator and presidential pre-candidate Miguel Uribe Turbay. On one hand, it sentenced alias “El Viejo” to more than 22 years in prison for acting as an intermediary between those who ordered the crime and the criminal network that carried out the attack; on the other, it issued arrest warrants for seven individuals belonging to a dissident faction of the FARC accused of ordering the killing.

The assassination of the Centro Democrático party senator and presidential candidate took place on June 7, 2025, in Bogotá while he was participating in campaign-related activities. The attack was carried out by a 14-year-old who fired multiple shots and was immediately captured after an exchange of gunfire with National Police officers and Uribe Turbay’s security team.

General attorney, Luz Adriana Camargo Garzón said the crime was not “an isolated act, but the result of a structured criminal operation that involved both an urban criminal network operating as outsourcing and an organized armed group” known as the “The Segunda Marquetalia.”

Miguel Uribe Londoño, a presidential candidate and the victim’s father, said in a tweet directed at President Gustavo Petro: “President @petrogustavo You harassed Miguel with your verbal abuse, making him a target for assassination. Your government failed to protect him. Your government has been tolerant of drug trafficking, and the criminals who benefited from your total peace used the Second Marquetalia to assassinate Miguel. But the masterminds behind this must continue to be sought within the Colombian government. We cannot continue to accept this violence. This is why Miguel’s legacy needs to be upheld in the Presidency, and I will carry it until the last day of my life.”

Presidente @petrogustavo.

Usted hostigó a Miguel con su violencia verbal poniéndolo como carne de cañón para que lo asesinaran.

Su gobierno no le dio protección.

Su gobierno ha sido tolerante con el narcotráfico y los criminales beneficiados con su paz total utilizaron a la… pic.twitter.com/mPPvVYZgJv

— Miguel Uribe (@migueluribel) March 22, 2026

Judicial developments and convictions

According to the Attorney General’s report, three individuals have already been convicted through plea agreements:

1. Simeón Pérez Marroquín, alias “El Viejo,” identified as the link between those who ordered the crime and the criminal network, was sentenced on March 20 to 22 years and four months in prison.
2. Carlos Mora González, who conducted surveillance at the attack site and transported other suspects, was sentenced to 21 years in prison.
3. Katherine Andrea Martínez, who took part in planning meetings and retrieved the weapon used (a Glock pistol), was sentenced to 21 years and two months in prison.

The 14-year-old who carried out the attack was sentenced under Colombia’s Juvenile Criminal Responsibility System.

Criminal network and FARC dissident involvement

After nine months of investigation, prosecutors established the involvement of the dissident FARC faction known as The Segunda Marquetalia as the group that ordered the crime and issued arrest warrants against several of its alleged leaders and members.

According to the statement, those targeted include Kendry Téllez Álvarez, identified as a possible mastermind; Iván Luciano Marín Arango, alias “Iván Márquez”; Géner García Molina, alias “Jhon 40”; Alberto Cruz Lobo, alias “Enrique Marulanda”; Jhon Jairo Bedoya Arias, alias “Rusbel”; Diógenes Medina Hernández, alias “Gonzalo”, and José Aldinever Sierra Sabogal, alias “Zarco Aldinever”.

They face charges of aggravated homicide, conspiracy to commit a crime, and the manufacture, trafficking, possession or carrying of firearms, accessories, parts or ammunition.

Additionally, according to El Colombiano, authorities are offering a reward of up to $5 billion Colombian pesos (around $1,4 million USD) for information leading to the capture of alias “Iván Márquez”, and $4 billion Colombian pesos ($1,2 million USD) for alias “Jhon 40” and “Zarco Aldinever”, identified as key leaders of the group.

“Wanted dead or alive”

According to El Colombiano, “the inclusion of ‘Zarco Aldinever’ on the most-wanted list has raised questions, as he had reportedly been killed in August 2025 in alleged clashes with the National Liberation Army (ELN) guerrilla group”

“He is alive; that is, we have no evidence that he is dead. For us, “Zarco Aldinever” is alive. There is no corroborated evidence regarding the rumor that he was killed by the ELN. It remains a rumor, which is why the arrest warrant was issued,” the attorney general said.

Meanwhile, the whereabouts of Iván Luciano Marín Arango, alias “Iván Márquez”, one of the former negotiators of the 2016 peace agreement who later returned to armed activity, remain unknown. He has been reported dead on several occasions, most recently in July 2023, when it was speculated he had died from gunshot wounds in Venezuela.

However, the government has not confirmed those reports. “Despite intelligence efforts by the security forces, there is no reliable information to determine his whereabouts or status,” Defense Minister, Major General (ret.) Pedro Arnulfo Sánchez said.

Photo above. Colombia’s Attorney General Luz Adriana Camargo during a presentation on progress in the Miguel Uribe Turbay case. Photo courtesy of the Attorney General’s Office.

Photo in social media. Miguel Uribe Turbay. Photo courtesy of the Senate of the Republic of Colombia.

A C-130 Hercules aircraft crashed in Putumayo, southern Colombia, on March 23, killing 66 people, including soldiers, Air Force personnel and police. A total of 128 people were on board.

A Hercules aircraft operated by the Colombian Air Force (FAC) crashed shortly after takeoff from Puerto Leguízamo, in southern Colombia’s Putumayo department, in a tragedy on Monday, March 23, that left dozens of victims among members of the security forces.

According to Jhon Molina, governor of Putumayo, “58 soldiers, six members of the Air Force and two police officers were among the victims who died in the accident.” A total of 128 people were on board the aircraft. One survived unharmed, and four others remain unaccounted for.

The aircraft, a US-built C-130 Hercules used to transport troops and supplies, went down about one and a half kilometers from the airfield just minutes after takeoff.

Defense Minister, Major General (ret.) Pedro Arnulfo Sánchez, said the crash occurred as the aircraft “was taking off from Puerto Leguízamo (Putumayo, near the border with Peru and Ecuador) while transporting troops from our security forces.”

Investigation underway

The national government authorities said that, based on the information available so far, there is no evidence of an attack by illegal armed groups. According to the defense minister, “the fire triggered the detonation of part of the ammunition being transported, which explains the sounds heard in videos circulating on social media.”

The minister said that “all response protocols for the victims and their families have been activated, along with the corresponding investigation.” In a message posted on X, he added: “I extend my deepest condolences to the families of those affected and, out of respect for their grief, I urge people to avoid speculation until official information is available.”

President Gustavo Petro also addressed structural limitations within the armed forces, noting that bureaucratic processes have delayed modernization efforts. “Renewing the armed forces’ equipment has been a decision of my administration for years. Bureaucratic obstacles in military administration have prevented the approval of the Conpes/Confis (Colombia´s public policy instruments) for over a year since I requested it,” he said.

Statement from the Colombian Air Force

The Colombian Air Force (FAC) expressed its condolences following the crash. We “deeply regrets the tragic accident involving the C-130 Hercules, a loss that brings mourning to our military forces and National Police. The aircraft and its crew were in optimal condition to carry out the mission, with the professionalism that characterizes them.”

The institution added that “the pain and helplessness caused by the unexpected loss of our heroes in this tragic air accident are immense. But that pain is transformed into determination: to honor their memory and legacy with an even greater commitment to the nation, doing what we love: protecting Colombia.”

Gen. Carlos Fernando Silva of the Colombian Air Force said a technical investigation will be conducted with support from the US Air Force to determine the causes of the crash “with transparency and rigor.”

Photos courtesy of the FAC.

Wingo expansion strengthens Medellín as a regional aviation hub

Wingo, a subsidiary of Copa Holdings (NYSE: CPA), has announced the launch of two new direct international routes from Medellín to Guatemala City, Guatemala, and Montego Bay, Jamaica. With this expansion, the carrier becomes the only airline to operate these specific nonstop segments from José María Córdova International Airport in Rionegro, which serves the Antioquia region.

The new service increases Wingo’s international portfolio to 10 destinations from the city, complementing its existing network of five domestic routes. According to data provided by the airline, Medellín has become a primary operational base in Colombia. In 2025, approximately 35% of the carrier’s total passenger traffic, representing 1.2 million travelers, originated from or arrived in the city.

“Medellín is a strategic city for Wingo, and these two new routes reflect our confidence in the potential of the city and the response of travelers.” — Jorge Jiménez, Commercial and Planning Vice President of Wingo.

The Alcaldía de Medellín, through the Secretaría de Turismo y Entretenimiento and the Bureau de Medellín y Antioquia, coordinated with airport concessionaire Airplan to facilitate the new frequencies. The Medellín to Guatemala City route is scheduled to begin operations on June 25, 2026, with three weekly frequencies on Tuesdays, Thursdays, and Saturdays. The airline expects to offer 30,000 seats annually on this route, with one-way fares starting at $108 USD, including taxes and fees.

The connection to Montego Bay is slated for a June 23, 2026, start date, also operating three times per week on Tuesdays, Thursdays, and Saturdays. Introductory fares for the Jamaican destination are positioned at $159 USD per trayect. This move follows a 2025 pilot program where Jamaica was marketed as a high-interest destination for Colombian travelers.

Jorge Jiménez, Commercial and Planning Vice President at Wingo, stated that these routes reflect confidence in the potential of the city and the response of travelers to direct, low-cost international options. Ana María López Acosta, Secretary of Tourism and Entertainment, noted that the collaboration between the public and private sectors continues to project the city as an attractive destination for tourism and investment.

The expansion comes as the Aeropuerto Internacional José María Córdova continues to increase its capacity as a logistical platform for the country. Javier Benítez, Manager of the airport, indicated that the arrival of these routes reaffirms the facility’s potential to facilitate international business and connection for the region.

Grupo EPM, the multi-utility conglomerate owned by the municipality of Medellin, reported consolidated revenue of $40.6 trillion COP (approx. $11 billion USD) for the full year 2025. Despite a year characterized by climate variability and increased regulatory pressure, the group saw net income rise to $5.3 trillion COP, a 9% increase compared to 2024 results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $11 trillion COP ($2.98 billion USD).

The Medellín utility unit, EPM, contributed $20 trillion COP in revenue and $4.9 trillion COP in net income. Management attributed the stability of these figures to a diversified portfolio. Power generation remains the primary driver of profitability, accounting for 49% of net income, followed by energy distribution at 27%. The water, sewage, and waste management sectors contributed 15%, while transmission and natural gas accounted for 3% and 1% respectively.

In 2025, Grupo EPM obtained results that confirm its ability to advance in complex scenarios, reflecting work to achieve lasting efficiencies.” — John Maya Salazar, General Manager of EPM

Financial leverage remained within contractual covenants. The debt-to-EBITDA ratio for the group closed at 2.9x, comfortably below the 3.5x threshold required by many credit agreements. For the individual EPM entity, the ratio stood at 3.5x. This solvency allows the organization to continue its capital expenditure program, which saw $5 trillion COP ($1.36 billion USD) invested in infrastructure and social programs throughout the year.

John Maya Salazar, General Manager of EPM (photo courtesy EPM)

A significant portion of the capital budget was directed toward the Hidroituango hydroelectric project. Approximately $1 trillion COP was allocated to Stage 2 of the project, specifically turbine units 5 through 8. Beyond energy, the company continued funding the Unidos por el Agua and Unidos por el Gas initiatives, which target utility access for vulnerable populations in the department of Antioquia and other regions.

Dividend and Fiscal Transfers

During the 2025 fiscal period, EPM executed transfers totaling $2.6 trillion COP to the Distrito de Medellín. These funds, representing 55% of the utility’s 2024 net income, serve as a primary funding source for the municipal development plan. Additionally, the group generated $21.8 trillion COP in total added value across its areas of operation, including $3.7 trillion COP in taxes, fees, and contributions to the state.

The company is currently undergoing a structural reorganization intended to modernize its operating model. According to management, this transition is designed to improve strategic efficiency as the group faces future macroeconomic shifts. The group’s economic footprint in 2025 included $6.7 trillion COP paid to suppliers and the financial system, along with $3 trillion COP dedicated to direct and indirect employment costs. Total reinvestment into the group’s various subsidiaries reached $5.6 trillion COP to ensure infrastructure modernization.

Financial data and sustainability reports are routinely filed with the Superintendencia Financiera de Colombia. Interested parties can find further information on the company’s investor relations portal or through the Alcaldía de Medellín official website.

Above video: An aerial view of EPM’s Hidroituango hydroelectric dam(video © Loren Moss)

Colombia’s President Gustavo Petro ran for president on a campaign promising Paz Total—Total Peace. He promised to give the FARC dissidents, the vicious ELN guerillas, and mafias like the Clan del Golfo a good talking to, and with that, they will just lay down their weapons and become model citizens. Petro promised that through dialogue with bloodthirsty kidnappers and extortionists, they would be willing to stop being bloodthirsty kidnappers and extortionists; as if they are just misunderstood little muffins who only need a hug.

Nubia Carolina Córdoba, governor of Chocó, Colombia (photo from her Twitter account)

According to figures compiled by the Universidad Externado and reported by The City Paper Bogotá, Colombia has recorded 40,663 homicides during the first three years of the Petro presidency. Over 400 human rights defenders have been slaughtered between 2022 and 2025 according to the United Nations Office of the High Commissioner on Human Rights. Human Rights Watch reports that the ELN and FARC dissidents have expanded their territories by up to 55%. They are taking back over Colombia.

Under Gustavo Petro’s watch, Colombia has returned to the Institute for Economics and Peace’s Global Terrorism Index top ten list of countries impacted by terrorism, along with Total Peace destinations like Democratic Republic of Congo, Somalia, and Syria. Just this past week, a Clan del Golfo poster was put up within walking distance from the Aeropuerto Internacional José María Córdova just outside of Medellín. This Total Peace nonsense is a failure.

Right now, in the neglected Pacific department of Chocó, the ELN has kidnapped whole communities. Petro ran a campaign promising that he was going to embrace these historically neglected communities—places like Chocó, Nariño, La Guajira, and Norte de Santander—but insecurity is increasing. Chocó’s governor, Nubia Carolina Córdoba, says 6,047 people are trapped inside of their homes because the ELN has announced an illegal armed curfew in the municipality of Bajo Baudó. Most of these people are already poor, and now they have been kidnapped en masse by this guerilla group that operates with impunity because Gustavo Petro coddles them with “dialogue.”

According to Governor Córdoba, they attacked the police station in the village of Santa Rita using grenades attached to drones. It has gotten so bad that Colombia has restricted the entry of drones into the country. These people are calling out for help, but the president insists on talking as the ELN grows and continues to menace the police forces, the Colombian military, and, most importantly, the innocent public.

There is currently public disorder where belligerents have completely blocked the roads in the north of Antioquia, in the region called Bajo Cauca, and also in the neighboring department of Córdoba. The city of Caucasia is under curfew. Antioquia’s Governor, Andrés Rendón, has urgently called on the national government to stop the talk and take action. Groups are attacking ambulances and burning people’s motorcycles as they try to get by the roadblocks, regardless of the emergency.

Governor Rendón stated: “There can be no dialogue amidst blockades and human rights violations. It’s been seven days now with the Bajo Cauca region paralyzed and the country held hostage by chaos.” He called on the Fiscalía General de la Nación to bring those responsible to justice and challenged the Minister of Defense, Pedro Sánchez, to order the immediate reopening of the roads. “We’re not talking about small-scale miners here; behind this are criminal structures, as everyone knows, that finance themselves through illegal mining and move billions of pesos,” Rendón added, demanding full authority against the criminals who use communities as a shield.

El gobernador de Antioquia, @AndresJRendonC, se pronunció sobre la situación de orden público en el Bajo Cauca, en medio de los bloqueos que ya completan varios días y afectan la movilidad y la seguridad en la región. @GobAntioquia pic.twitter.com/4SPQgTa68r

— MiOriente (@MiOriente) March 22, 2026

The current situation with these organized criminal groups—whether regular mafias like the Clan del Golfo or murderous Marxist guerillas like the ELN and the FARC dissidents—is reminiscent of a classroom where a substitute teacher has lost all control. Petro promised Total Peace, but the result has been Total Chaos. Investors do not want to deal with this mess. While the Petro government claims they want tourism to be a major economic driver, road blocks make many areas look like scenes out of Mad Max: Road Warrior. Whole zones of the Pacific coast are unsafe even for residents, met with pure impotence from the regime.

Ten years ago, it was safe to drive from Medellín to the beachside town of Coveñas in Sucre, but that is no longer the case. While it remains safe to visit Colombia for business or tourism in major hubs like Bogotá, Medellín, Santa Marta, or the San Andrés islands, the long-term outlook is concerning. My hope is that Colombians choose a future leader serious about law and order as a prerequisite for human rights. It is not only the government that we need to protect human rights from; those who kill, steal, kidnap, and forcibly recruit children are violating those rights as well.

Colombian anti-explosives experts inspect propaganda by the Clan del Golfo mafia group just minutes away from Medellin’s international airport in March, 2026 (image from Facebook).

Sale to Parex shifts company focus to midstream assets and LNG.

Frontera Energy Corporation (TSX: FEC) announced a net loss from continuing operations of $663 million USD for the fourth quarter of 2025. This figure includes a non-cash impairment of $603 million USD related to the divestment of the company’s Colombian exploration and production (E&P) portfolio and a $17 million USD impairment regarding its Guyana interest. The company has scheduled a special meeting of shareholders for April 30, 2026, to vote on the divestiture of these assets to Parex Resources Inc. (TSX: PXT).

The definitive agreement for the divestiture establishes a firm value of approximately $750 million USD. The transaction includes up to $525 million USD in equity consideration. Following the completion of the sale, Frontera Energy Corporation intends to distribute approximately $470 million USD to shareholders, which equates to approximately CAD $9.18 per share. This distribution includes a $25 million USD contingent payment.

The divestment marks a strategic shift for the Calgary-based company as it transitions into an infrastructure-focused business model. The new structure is anchored by interests in the Oleoducto de los Llanos Orientales S.A. (ODL) pipeline and the Sociedad Portuaria Regional Puerto Bahía S.A. maritime terminal. For the full year of 2025, the infrastructure segment reported an adjusted EBITDA of $116.6 million USD and a distributable cash flow of $76.7 million USD.

“Frontera now enters its next phase as a more focused, cash-generative infrastructure company, well positioned to deliver durable returns.” — Gabriel de Alba, Chairman of the Board of Directors, Frontera Energy Corporation

A central component of this new strategy is the development of a potential liquefied natural gas (LNG) regasification project in partnership with Ecopetrol S.A. (NYSE: EC, BVC: ECOPETROL). Puerto Bahía has secured a take-or-pay agreement with Ecopetrol S.A., subject to certain conditions, for the project. The initiative is planned in two phases, starting with an initial capacity of approximately 126 million cubic feet per day (MMcfd), with projections to reach at least 300 MMcfd by 2029.

In terms of operational metrics for 2025, Frontera reported an average production of 39,011 barrels of oil equivalent per day (boed). The company recorded an operating EBITDA of $308 million USD for the year. Production costs averaged $9.23/boe, while energy costs were $5.49/boe and transportation costs reached $12.00/boe.

The year-end independent reserves assessment, conducted by DeGolyer and MacNaughton Corp, placed the company’s gross reserves at 94.4 million Boe for the 1P category and 133.8 million Boe for the 2P category. All of the company’s booked reserves as of December 31, 2025, are located within Colombia.

On the environmental and social front, the company reported that 70,162 tons of CO2 equivalent were absorbed through environmental compensation areas in 2025. Additionally, 35% of operational water was reused during the same period. The company also noted a total of $95.1 million USD in purchases from local goods and services suppliers.

Upon the anticipated closing of the arrangement in the second quarter of 2026, Frontera Energy will retain its midstream assets in Colombia and certain non-Colombian interests, including those in Guyana. The company expects to allocate $25 million USD from the sale proceeds to further fund its infrastructure business and strategic growth projects.