At the end of November 2014, reports surfaced that the Cartagena Refinery would be functional in January 2015 and see its commercial launch in August 2015. But in Ecopetrol’s (NYSE:EC) latest earning results, management said that once again, that timeframe will be pushed back.
Three years after its spin-off from Ecopetrol (NYSE:EC), Cenit’s value and operation has become one of the NOC’s critical assets.
In light of new discoveries in departments like Sucre while supply from La Guajira declines, gas transporters TGI and Promigas both have significant investment plans to expand the gas infrastructure network. Both still await authorities to take bigger steps forward.
Corrales locals speak out against deteriorating roads and authorities call on Coviandes to react to the high amount of deaths occurring on the Villavicencio-Bogotá highway. These and other stories in our periodic roundup of road-related issues.
The floating regasification plant that Promigás is building through a port consortium (El Cayao) has been completed, but the remainder of the plant awaits an environmental license to get started.
Pacific Rubiales’ (TSE:PRE) recently inaugurated Puerto Bahia port project has been live for two weeks, and the firm is not concerned about the implications of the low oil price on its operations or the viability of the project.
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.
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