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The Colombian government has initiated a strategy to boost the exploration and production of hydrocarbons in the country, but concerns about loss of self-sufficiency continue. María Fernanda Suarez, Minister of Mines and Energy (MinEnergia), talked to the possibility of importing natural gas and the need for a new regasification plan in the Pacific.

The private sector is developing an ambitious project to build a new refinery in the country. The project received the resources needed through V.I.P Group International, a private investment fund in the US, and the construction phase could begin soon.

Inhabitants of the Mercaderes municipality (Cauca) arranged a popular consultation themselves, to decide on the future of the industry in their territories.

Ecopetrol (NYSE:EC) activated its contingency plan in the municipality of Cubará (Boyacá), after receiving reports of an oil spill in a local water source. The development of these and more stories in our periodic Eco summary.

Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2019. The company reported production growth, good financial performance and cost savings during this period.

The entity spoke about how the industry’s investment of not less than 1% benefited environmental projects in Casanare.

Professor Brad Hubbard of the University of Calgary, an expert in unconventional deposits regulation, spoke about the experience of Alberta in the development of these projects. HCC was present at the event and we bring a brief summary of the meeting.

Ecopetrol (NYSE:EC), Equion and GeoPark (NYSE: GPRK) spoke about their successful social investment projects. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Parex (TSX: PXT) announced its financial and operating results for the second quarter 2019. The firm reported oil production growth and strong financial performance.

CEO Felipe Bayón spoke about the NOC’s upcoming projects, and how they will assure best practices in Colombia, when it comes to developing unconventional resources.