Oil production fell 3% year-on-year in January to 746,400 barrels daily

Colombia's oil production dropped 3% in January 2026 year-on-year to 746,400 barrels per day from 769,800 the previous year, according to Campetrol. Compared to December, it fell 0.1%, or 7,000 barrels, with the sharpest declines in Casanare.

Campetrol released its March report with January 2026 data, showing a 3% year-on-year drop in Colombia's oil production and 9.4% in natural gas. Oil output hit 746,400 barrels per day, down 23,400 from January 2025 and 7,000 from December 2025. Regionally, Casanare saw the biggest decline at 7,600 barrels fewer (-6.6%), followed by Arauca (-13.1%, 7,400 barrels) and Cesar (-22.4%, 3,900 barrels). Putumayo gained 1,400 barrels. Ecopetrol dominated with 65.1% of total output (486,000 barrels), trailed by Sierracol Energy (51,000), Frontera Energy (46,000), Geopark (42,000), and Gran Tierra Energy (26,000). Gas production reached a historic low of 1,190 million cubic feet per day (Mpcd), 123,800 Mpcd below the prior year. February gas imports averaged 193.1 Mpcd, up 27.7% from February 2025. Active rigs in February numbered 112, the highest since December 2023, including 32 drilling rigs in departments like Meta (13), Casanare (7), and Putumayo (3).

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Illustration of a Colombian factory during industrial production decline in January 2026, with workers reviewing falling output charts.
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Colombia's industrial production falls 0.5% in January 2026

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DANE reported that manufacturing industrial production fell 0.5% in January 2026 compared to January 2025, with real sales down 0.7%. This marks two consecutive months of production contraction and three for sales.

In January 2026, imported gas accounted for 21% of total consumption in Colombia, according to Upme data. This figure highlights the rising trend in imports due to declining local reserves, as warned by Naturgas, which forecasts 26% by year's end.

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The Dos Bocas refinery and the rehabilitation of the National Refining System boosted Pemex's production in 2025, covering 52.9% of the gasolinas commercialized and reducing imports to their lowest level in 16 years. For diesel, coverage reached 92% of domestic demand. This improvement marks the largest increase in four years for gasolinas and a decade for diesel.

The Ecuadorian government announced a 900% increase in the tariff for transporting Colombian crude through the Transecuatoriano Pipeline, rising from about $2.5 per barrel to over $30. Ecopetrol, impacted by this unilateral measure, is exploring options like exporting via Coveñas to mitigate effects on its southern Colombia operations. Colombia's Ministry of Mines and Energy rejected the decision, calling it an aggression threatening production in Putumayo.

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President Gustavo Petro stated that Colombia has no plans to import oil from Venezuela, amid hurdles for gas imports due to US sanctions. Mines and Energy Minister Edwin Palma confirmed that Ecopetrol cannot proceed without an Ofac license. These remarks address a growing gas supply deficit in Colombia.

Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.

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The Unidad de Planeación Minero Energética (UPME) reported that in 2025 solar energy generated 4,473.8 GWh, surpassing coal by 25% at 3,564.2 GWh. President Gustavo Petro highlighted a 1,650% growth under his government. UPME emphasizes the sun's relevant role in the national grid.

 

 

 

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