The High Council for the Post-Conflict Process, the Territorial Renewal Agency (ART) and the National Planning Department (DNP),announced some of the projects that will be financed through the Infrastructure for Taxes mechanism. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for February 2018. Crude decreased compared to the same period of last year, but gas showed a positive behavior.
Better oil prices and new E&P investments increased the government’s expectations on the industry for this year.
Charle Gamba, CEO of Canacol Energy (TSX: CNE), spoke about the natural gas sector, regulation, regasification plants and reserves potential.
Different governmental entities spoke about proposals to improve environmental issues. The development of these and more stories in our periodic Eco summary.
The Colombian government pledged to reduce pollution by signing the Paris agreement. Authorities have made changes to achieve these agreements, and ethanol is key in this process. Representatives of the sector expressed their opinion on Colombia’s capacity to meet the new ethanol demand.
The president of the Colombian Natural Gas Association (Naturgas), Orlando Cabrales, proposed a reform to Colombia’s royalty system.
The National Environmental Licensing Authority (ANLA) announced measures on data collection for environmental studies in the extractive sector. ANLA said that this positions Colombia as an international example.
The union welcomed the decision of the Ministry of Labor (MinTrabajo), to fine Ecopetrol (NYSE: EC) for an alleged violation of trade union rights.
Just over a month ago we looked at the UPME’s latest demand forecasts, focusing on the potential supply shortfall. This time, we look a little deeper at demand especially where it comes from, both in terms of sector and region.
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