The Magdalena River’s potential is huge, especially in the transport sector, but Colombia must overcome several challenges to leverage it. Politicians talked about the situation of this important river.
According to official figures, armed groups stole 28bd in 2017 and during the last two years, they stole 875mbbl from Ecopetrol (NYSE: EC). The development of these and other stories in our periodic Security summary.
We have been borrowing the phrase from Casablanca to “Round up the usual suspects” in our analysis of quarter-over-quarter changes in crude production. We used it because the same block names kept appearing over and over. However, this quarter, things seem to be changing.
Following Article 8 of Law 1437 of 2011, the Ministry of Mines and Energy (MinMinas) published its Annual Action Plan for 2018. We saved you the trouble of ploughing through the 53 objectives and over 300 lines of Excel.
Ecopetrol’s (NYSE: EC) export distribution is changing, but the United States remains as the principal destination of Colombian crude. The company said that exports decreased as the Cartagena refinery is using more oil.
Through a declaration, the ELN threatened Parex’s (TSX: PXT) workers and declared them military target.
The government will tender the regasification plant project on the Pacific coast, despite experts’ opinions against it. Authorities have already defined a period to carry out this ambitious project.
The union expressed its “sadness and indignation” over the alleged unilateral and arbitrary decision of Ecopetrol’s (NYSE: EC) management to fire National USO director, Rodolfo Vecino.
Colombia’s Central Bank (Banrep) released final 3Q17 Foreign Direct Investment (FDI) figures for the country. This increased in the sector compared to same period last year, but dropped compared to 2Q17. Total FDI grew considerably in Colombia.
Through five different projects in the Caribbean coast and the center of the country, TGI and Promigas could improve Colombia’s gas transportation and supply.
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