đ A change of course that brushes the border
The Colombian state-owned company Ecopetrol confirmed this Tuesday a shake-up at the top of its leadership: attorney Camilo Barco Muñoz will serve as acting president in place of Juan Carlos Hurtado, while six new names join its board of directors, which is made up of nine people, at the proposal of the Government of De la Espriella. The announcement was made by the company itself in a statement.
Among the appointments, there is one we read twice in PitbullChain: attorney Jorge Jaller, the same person the Colombian Executive designated as Ambassador of Colombia to Venezuela, and who comes from Grupo Ăxito, the retail giant in the neighboring country. That the diplomatic link with Caracas is reflected in the companyâs highest decision-making body is not a matter of mere protocol. It is a sign that the energy and commercial relationship with our country has moved to being treated as an operational matter.
The campaign strategist Carlos SuĂĄrez, the Transportation superintendent Ludmila del Carmen Vergara, the child-rights activist Betzy Patricia MartĂnez, the president of Asocodis JosĂ© Camilo Manzur, and Claudia Margarita Lafaurie, with experience at the National Hydrocarbons Agency, complete the list. The former minister Luis Felipe Henao, CĂ©sar Loza for the unions, and Ricardo RodrĂguez for producing departments are retained.
đ Financial profile before the drilling
Ecopetrol highlighted that Barco Muñoz has accumulated more than 35 years in senior management positions and has experience in investment banking, corporate finance, and corporate governance, with a focus on energy, oil, gas, infrastructure, and financial services. The takeaway is clear: first get the cash in order, then discuss the barrel.
The numbers explain the rush. The oil company closed 2025 with a net profit of 5.1 trillion pesos, about US$1,636 million, which represents a 44.8% drop compared to 2024. The new Government promised that recovering the company would be an absolute priority and, in addition, to authorize fracking to expand reservesâsomething the president defended as a matter of energy sovereignty.
đ What this means for the Venezuelan wallet
Venezuela isnât mentioned in the statement, but itâs on the agenda. The border with Colombia is today one of the countryâs most active economic corridors, and everything that moves the bilateral relationship ends up being reflected in TĂĄchira, Zulia, and, by extension, in the prices the end user sees.
If Ecopetrolâs shift is accompanied by higher bilateral trade, simpler paperwork, and more freight movement, the natural effect is more money circulating across the border: more Colombian pesos on the streets, more suppliers getting paid from CĂșcuta, and more need for fast, cheap payment channels that donât depend on a bank that opens at 8:30 in the morning.
đ° The Colombian pesoâan exchange rate that nobody disputes anymore
At border stores, the peso stopped being a foreign currency years ago to become the de facto reference. Itâs quoted, received, and exchanged every day. Any boost to trade can only reinforce that habit and expand the base of people willing to operate with two currencies in the same pocket.
đĄïž USDT: the bridge thatâs already been built
This is where PitbullChain focuses. While governments announce boards of directors, border users have been resolving their payments with stablecoins for years. USDT functions today as a bridge between the bolĂvar and the peso: it can be used to pay a supplier in Colombia, to receive a family remittance, and to move capital between accounts without exposing yourself to daily volatility.
If bilateral trade deepens, liquidity demand in P2P markets rises almost automatically. More merchants looking to buy and sell USDT for bolĂvars and for pesosâmore pressure on spreadsâand more opportunity for those who provide liquidity based on judgment, not impulse.
â ïž Digital banking: pressure to modernize
A neighbor who reorganizes its oil company with investment-banking-style profiles also sends a message to the regionâs financial system. Venezuelan banks are already competingâwhether they want to or notâwith fintechs, wallets, and exchanges that handle in minutes what a teller window does in hours. Every time a new business channel opens, the demand for speed and traceability rises one more level.
đ§ What to watch
đ Read the full article: https://pitbullchain.com/noticias/ecopetrol-suma-a-su-embajador-en-caracas-a-la-junta-lectura-p2p-431389
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