There was a ‘tempest in a teapot’ the last week or so about the ANH’s use of WTI reference points for the Permanent Assignment Process. The ‘usual’ way of talking about prices in Colombia is Brent. But the bulk of Colombian crude is much heavier than either. The country has its ‘own’ blends but the one that we can get data on is Vasconia.
The boom in referendums jeopardized industry activities around the country. This issue has been calm during this year, but some processes are still underway. The Administrative Court of Casanare ruled on a consultation in the municipality of Tauramena.
According to the union, Ecopetrol’s (NYSE:EC) management is letting go hundreds of personnel from the company’s Transport Vice-presidency (VIT) area. Here are the details
The Minister of Mines and Energy (MinMinas), María Fernanda Suarez, spoke to El Espectador about the potential risk that the country’s royalties’ budget might be under, if oil reserves continue to deplete.