Promigas announced its 2017 operational and financial results. The firm highlighted that operational income and EBITDA increased compared to 2016 figures.
The Colombian chamber of Petroleum Goods (Campetrol) presented a report on the performance of the oil and mining industry in 2017. The results are not very encouraging.
The General Comptroller questioned the current royalty system for its poor execution of projects, the dispersion of resources and corruption risks.
The Police reported the capture of two gangs dedicated to this crime. The criminals operated in the departments of Santander, Antioquia and Meta. The development of these and other stories in our periodic Security summary.
The Ministry of Mines and Energy (MinMinas) reported gas production figures for February 2018. Gas has been showing a good trend during this year.
The Ministry of Environment (MinAmbiente) announced that it is finalizing the rules for the development of this technique in Colombia.
Promigas announced a new agreement in Research and development (R&D); a key area to boost the growth of the energy sector. Greg Houston, Deputy Head of Mission of the British Embassy in Colombia and Promigas’ Antonio Celis, spoke about the new agreement.
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.
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