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.
The Colombian Association of Petroleum Engineers (ACIPET) has been defending the sector against the boom of anti-oil referendums. It’s president, Julio Cesar Vera, spoke on this topic.
Mauricio Cárdenas, Minister of Finance (MinHacienda), spoke about current oil prices and its possible benefits in the Colombian economy. Additionally, President Santos spoke about sustainable development to the World Economic Forum in Davos, Switzerland.
Even though the initiative will boost the local economy, some members of El Cedral village, in the municipality of Hato Corozal (Casanare), blocked the access road to Tautaco.
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