BOGOTÁ, COLOMBIA (By Iván Freites Chirino, 24.Jan.2026, Words: 414) — The state’s control of the hydrocarbon industry has come to an end, after 51 years of what was known as the nationalization of oil.
A regime that calls itself “socialist” changed the concept of the state monopoly over the oil industry overnight with an express reform of the hydrocarbons law.