Colombia government installs new Ecopetrol board, approves bylaw change

Colombia's government has appointed six new members to Ecopetrol's board, including strategist Carlos Suárez, and approved a modification to article 20 of the company's bylaws. This consolidates state control over the oil giant, potentially signaling a shift toward more interventionist energy policy. The bylaw change may affect governance and decision-making, with implications for investors and energy markets.