The propane market is facing a situation of much uncertainty at present. Representatives of the sector have shown their concern about this. Authorities and companies in the sector must take measures to avoid major problems in the short and medium term.
Last week, we published about a court ruling that (supposedly) would lead to taxing royalties (technically, removing a ‘deduction’ for royalties).
The union gave an update on the negotiations it recently started with the companies.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for November. A citizen filed a lawsuit against the ministry to change the definition of the fuel surcharge in Colombia.
The president of the Colombian Association of Petroleum Engineers (Acipet), Julio Cesar Vera, spoke about the situation of the industry, not only in Colombia but in the world.
The company spoke about the blockades that took place in El Tambo village (Tolima), after locals argued an alleged breach of agreements by the company. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The post-conflict process is starting in Colombia and this represents many challenges to overcome. The country needs everyone’s participation in this important stage. Rafael Pardo, counselor for the post-conflict, spoke on this topic.
The Barrancabermeja Refinery received a very important distinction from the specialized company Solomon Associates. The company conducted a benchmarking study among 85% of the world’s refineries.
CEO Felipe Bayón explained that the NOC’s biggest challenge is to produce 600mmbbl in 2020, for which it will focus on exploration, Enhanced Oil Recovery (EOR) and unconventional resources (UC).
Local journalists insist on the fact that resources from the General System of Royalties (SGR) that are given to Casanare’s government need to be monitored, arguing that there are clear signs of corruption. These and other stories in our periodic Royalties summary.
2026, Hydrocarbons Colombia, All Rights Reserved.
