The Colombian State Owns 62 Companies. Here’s What They’re Worth
Colombia state companies number 62 and are worth COP 197.27 trillion (about US$62.5 billion), a finance-ministry report shows, with Ecopetrol dominant. The post The Colombian State Owns 62 Companies. Here’s What They’re Worth appeared first on The Rio Times .
In August 2026, Colombia's Ministry of Finance reported that the state owns 62 companies, valued at a combined COP 197.27 trillion (approximately US$62.5 billion). These companies span a range of sectors, including energy, finance, infrastructure, transport, insurance and utilities. However, the portfolio is notably concentrated, with just one company, Ecopetrol, accounting for the majority of the value, at COP 83.7 trillion (about US$26.5 billion).
Ecopetrol's subsidiaries, ISA and Reficar, follow, with Ecopetrol alone making up the bulk of the portfolio's value. The state's heavy investment in Ecopetrol is significant, as its dividends contribute substantially to the national budget. This concentration of ownership means that the financial health of these 62 companies is intricately linked to the oil market, with revenue and profits closely tied to oil prices.
As Colombia faces a fiscal deficit and is at a pivotal moment under a new market-leaning government, these state-owned enterprises will likely play a crucial role in shaping the nation's economic future.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
