Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), announced the royalties’ budget for the period 2019-2020. She highlighted that the government is optimistic about these resources, thanks to the increase in oil prices.
Local production of ethanol is insufficient to cover the demand for this fuel in Colombia, increasing imports. The United States Department of Agriculture made a report on ethanol exports, highlighting an increase in shipments to Colombia.
The new Collective Labor Agreement, valid for 4.5 years, could reduce production risks due to lower possibilities of having strikes.
It has been half a year since the environmental emergency at Ecopetrol’s (NYSE:EC) La Lizama 158 well took place. Environmental entities visited the area and published a report. This and more stories in our periodic Eco summary.
Promigas announced its operational and financial results during the first half of this year. The company highlighted its good financial performance during 1H18 and the company continues to grow as the main natural gas distributor in the country.
The boom of anti-oil and mining popular referendums has created much discussion in the country about their use to prohibit extractive activities in the regions. The Mesa Hídrica del Piedemonte Llanero (MHP) spoke on this subject.
Former president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the areas that would be offered in the country.
The union sued the NOC before the Attorney General for allegedly preventing the access of unionized workers to Barrancabermeja’s refinery.
Last week we showed a number of graphs about oil reserves. This week we have the same charts but for natural gas.
As we noted a few weeks ago, the Colombia-Canada Chamber of Commerce’s Mining and Energy Committee prepared a set of recommendations for María Fernanda Suárez, the new MinMinas. These were delivered to her at a private meeting in Cartagena. We have translated the full document and obtained the Committee’s permission to publish it.
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