News and AnalysIs for

The Ministry of Mines and Energy (MinMinas) announced fuel prices for August this year.

The Congress must decide what will happen with the bill that seeks to ban fracking in Colombia. Carlos Andrés Santiago, promoter of the project, spoke on the matter.

The National Agency of Environmental Licenses (ANLA) ruled on environmental obligations in the country. Luis Gilberto Murillo, Minister of Environment (MinAmbiente) spoke about this decision and its positive effects on key issues such as investment and the environment.

Ecopetrol (NYSE:EC) and Ocensa spoke about the development of successful social investment projects in Putumayo and Caquetá, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

Colombia has made a bet for the development of the offshore industry in the Caribbean region. The National Association of Entrepreneurs (ANDI) made some recommendations for the incoming president on this issue.

One of the challenges of the next government, is to connect Cartagena’s Refinery (Reficar) with Barrancabermeja’s Refinery through a pipeline.

The Colombian Corporation of Agricultural and Livestock Research Corpoica (Agrosavia), investigated the Ecopetrol (NYSE: EC) treated produced water of with positive results.

The Peace section of the Collegiate Body for Administration and Decision (OCAD) spoke about the budget for the post-conflict process, in departments where the so-called Most Affected Areas by the Armed Conflict (ZOMAC) are concentrated.

Felipe Bayón, CEO of Ecopetrol (NYSE: EC), spoke about relevant issues to the sector such as investment, fuels, unconventional resources, and reserves, among others.

Canacol Energy (TSX: CNE) wants to be the main gas producer in Colombia, selling its oil blocks to achieve it. However, the company will maintain some areas with potential of unconventional resources. Charle Gamba, CEO of CNE, spoke about the firm’s plans in these projects.