News and AnalysIs for

An embargo by the tax authority DIAN over a CoP$16.4 trillion dispute would leave Ecopetrol with resources to operate for only 23 days, according to an internal company document.

The traditional “100 days” that governments can usually count on as a honeymoon, or that the press and public use as an evaluation period has another two weeks or so to run for Abelardo de la Espriella. But we set him some targets for the end of October and we want to see how he did.

Frank Pearl, president of the oil and gas association ACP, says a revived sector would add about CoP$20 trillion a year to the state, and some CoP$695 trillion through 2050 at today’s prices.

Parex Resources and the national government have handed over two drinking water and sanitation projects in Saravena, Arauca, with total resources of more than CoP$46.5 billion.

President Abelardo De la Espriella has called on families, businesses and institutions to save water, energy and gas, saying the government has secured more gas for thermal plants.

A proposal from labor leaders would take Colombia’s minimum wage to nearly CoP$2.5 million next year, excluding the transport allowance, as formal talks are expected to start in mid-November.

Arrow Exploration says corporate production has passed 6,500 barrels of oil equivalent per day (boed), a company record, on the back of drilling at the Icaco pad on the Tapir block in the Llanos basin.

Sociedad Portuaria El Cayao (SPEC) reported an operational failure in one of the four trains at its Cartagena LNG regasification unit, and the terminal will run at 400 mmcfd during repairs.

ONGC Videsh Limited (OVL), the overseas arm of India’s state-owned oil company, has reported positive results from the Milano-1X exploratory well on block CPO-5 in Meta department, with production potential of about 750 barrels of oil per day.

Vehicular natural gas (VNG) prices in Bogotá rose almost 20% overnight, which sources said reflects reduced availability of imported gas at the Cartagena regasification terminal.