The Deputy Minister of Energy, Miguel Lotero and Jorge Valencia, Executive Director of the Energy and Gas Regulatory Commission (CREG) made an industrial visit to Ecopetrol’s (NYSE: EC) Floreña field.
The Private Competitiveness Council and the Universidad del Rosario presented the eighth edition of the Departmental Competitiveness Index (IDC).
President Ivan Duque recalled that the country pursues the goal of cutting its carbon dioxide emissions by 51% by 2030 and oil companies will play a key role in achieving this target.
Acipet’s Oscar Diaz spoke about the new normal of the sector. The expert said that State finances will suffer a strong impact due to the volatility of oil prices and the new reality.
The National Environmental Licensing Agency (ANLA) presented its second report on management, progress, and impacts during 2020.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports in 2020.
Ecopetrol’s (NYSE: EC) spoke on various topics such as fracking, production, ISA and company dividends.
The government is working on a proposal for a new carbon tax.
The Colombian Propane Association (Gasnova) talked about the increase in propane prices and made a request on this matter.
Since coming back from the year-end holidays, the Colombian business news – and our modest newsletter – has been dominated by Ecopetrol’s surprise announcement that it was bidding for the country’s long haul electricity transmission provider ISA. This has put the NOC’s long-term strategy up for public debate. Coincidentally, two global thinktanks published separate but similar studies warning National Oil Companies to change their investment plans. A song for Felipe Bayón.
2026, Hydrocarbons Colombia, All Rights Reserved.
