A group of politicians in Meta have demanded explanations on the status of a planned refinery in Meta and how CoP$17B (US$5.6M) have been spent on the refinery, which still has not started the construction phase.
Colombia’s first regasification plant, located in the Cartagena, is 70% finished and should be ready in December 2016. The general manager of the facilities explained why the project has taken so long and the process still needed to get it up and running.
The Energy Mining Planning Unit (UPME) presented its report on the natural gas sector in the recent Colombian Natural Gas Association (Naturgas) and said that reforming the transportation system is a top priority, along with improving reliability and building a regasification plant on the Pacific coast.
Unwavered by a formal decision to suspend the modernization of the Barrancabermeja Refinery by Ecopetrol (NYSE:EC), city authorities and unions continue to call for the project. The refinery management has denied rumors that it is currently unsafe and defended the NOC’s priorities.
In Ecopetrol (NYSE:EC) 4Q15 results conference call, Cenit President Tomás Rueda revealed that the NOC is working with authorities on a new pipeline tariff scheme. That no doubt pleased his suffering clients.
It was already burning, and you should not blame the firefighters, said Ecopetrol president Juan Carlos Echeverry in response to questions regarding the role of current ministers and government officials in the overruns of the Cartagena Refinery. This and other stories in our update on this matter.
The controversy surrounding the soaring costs to modernize the Cartagena Refinery (Reficar) has hit new heights (or are they lows?), with control bodies promising to investigate former management, presidents accusing presidents and much more.
The blame game is in full effect, and now the General Controller has said the Cartagena Refinery contractor charged with the cost laden modernization project CB&I (NYSE:CBI) is looking to pull out of Colombia without passing over documents requested by the control entity in an audit of the project.
The Minister of Mines and Energy (MinMinas) Tomás González sent a letter to the mayors and governors of the Caribbean coast detailing a resolution from the ministry that he says will help expand existing infrastructure and deal with the region’s natural gas supply issues
In the days since the release of the General Controller’s report on the cost overruns associated with the modernization of the Cartagena Refinery (Reficar), the revelations have caused many to take to the media with their own interpretation of the events and what it means. We share some of the more notable ones.
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