Last week, we published some quantitative analyses on certain aspects of Colombia’s proposed tax reform. Here are some qualitative comments on ideas in the draft bill that are either not quantifiable or where we decided there were too many scenarios to make quantitative analysis feasible. Note that as we write – August 21, 2022 – MinHacienda is talking about changes to the draft and there will be negotiations in Congress from now until the bill passes. If there are significant changes to the bill, we will likely publish a new commentary rather than updating this one.
Ecopetrol (NYSE: EC) announced that the Cartagena refinery (Reficar) will operate at full capacity.
The bill to ban fracking filed last week, revived the debate on the possibility of implementing this technique in the country.
Promigas and TGI developed the natural gas flow tests for the Ballena-Hato Nuevo section.
Primax and Bio D announced a project to increase the biodiesel mix in diesel.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during June 2022.
Ecopetrol (NYSE: EC) drilled the Gorgon-2 well in ultra-deep waters of the southern Colombian Caribbean.
Experts from the extractive sector spoke on the effects that the tax reform might have on the industry.
The firm announced an investment budget to boost natural gas in the country.
Canacol Energy (TSX: CNE) announced its financial and operational results for the three months ending June 30th, 2022.
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