LatinNews Daily - 10 December 2021

* Colombia’s state-owned oil company Ecopetrol has announced its investment plan for 2022, under which it expects to spend between US$4.8bn and US$5.8bn to deliver “profitable growth in production.” In a statement, Ecopetrol said that “these investments will support production of between 700,000 and 705,000 barrels per day (bpd), transported volumes greater than a million bpd, and the expansion of the transmission side of the business.” Of those investments, approximately 70% will go towards projects in Colombia, while the remaining 30% will be spent on projects in the US, Brazil, Peru, and Chile.