Production and logistical costs in Colombia are above the average for other South American producers, creating a liability in a time of low oil prices.
Ecopetrol’s (NYSE:EC) transportation spin off Cenit is planning a series of investments of up to US$4B in total from 2014-2019 to increase its crude oil transport capacity to 1.4mmbd.
Casanare has CoP$35B (US$13.2M) in road infrastructure projects in the pipeline and an environmental alternative for a Meta train project has been authorized. These and other stories in our periodic roundup of road-related issues.
The number of attacks on oil infrastructure has dropped considerably, in fact in January and February only two were reported, but 2014 showed that the guerrilla’s methods remain very effective despite lowered activity.
In the National Infrastructure Congress scheduled for November of this year the government will present a strategy to rely on multimodal transportation that puts more emphasis on alternatives to trucks such as trains or rivers, says the president of the Colombian Infrastructure Chamber (CCI) Juan Martín Caicedo.
The Minister of Mines and Energy Tomás González was on hand to herald the inauguration of Equion’s Floreña central processing facility (CPF), which he said is more important than ever considering the fall in oil prices.
Local governments in Norte de Santander, Meta and Putumayo are all interested in building smaller regional refineries that they say would make them more competitive, avoid importing fuel and create new jobs.
Casanare and industry representatives met to discuss the state of a transportation agreement and found positive results, while in Meta the government will invest to pave a stretch of road leading to the Rubiales Field. These and other stories in our periodic roundup of road-related issues.
The general manager of the Barrancabermeja Refinery shot back at critics saying that the project has not been frozen nor canceled, but still awaits definitions from the Ecopetrol (NYSE:EC) board of directors.
Gas distributor Gases de Occidente says that it is rolling out an expansion plan that includes small loans to its end customers and a potential natural gas pipeline to Buenaventura.
2024, Hydrocarbons Colombia, All Rights Reserved.
