The Colombian government is exploring options to boost financial growth amid the Covid-19 pandemic. Investment will play a key role in the process.
The debate over the development of fracking pilot projects (PPII) in Colombia is still going on; 20 Congressmen started legal actions to stop the projects’ development.
The Ministry of Mines and Energy (MinEnergia) published a draft decree regarding regulations for fracking pilot projects (PPII).
Colombia will be the most affected country by the current crisis out of the members of the Organization for Economic Cooperation and Development (OECD), the entity said.
Barrancabermeja’s Mayor, Alfonso Manrique, spoke about the protests that affected Ecopetrol’s (NYSE:EC) La Cira-Infantas field, one of the most important in the country.
Ecopetrol (NYSE:EC) and ExxonMobil (NYSE:XOM) announced that they are currently advancing in a preliminary agreement to develop fracking pilot projects (PPII) in Colombia.
Through its Document 028 of 2020, the Energy Mining Planning Unit (UPME) clarified questions about the operation of the Pacific Regasification Plant and the Buenaventura – Yumbo Gas Pipeline.
The National Hydrocarbons Agency (ANH) published Agreement 04, stating the measures to defer companies’ payment of economic rights for the concept of Participation in Production (“X%”).
The President of the Colombian Petroleum Association (ACP), Francisco Lloreda, spoke about pipeline transportation rates in Colombia.
Diego Mesa took office as Minister of Mines and Energy (MinEnergia). These are the challenges he has ahead.
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