The future river port on the banks of the Magdalena River in Barrancabermeja being built by port and logistics firm Impala is now 40% finished, and company management expects to meet their deadlines and have started early operations before the end of 2014.
President Juan Manuel Santos signed the contract to recover navigability on the Magdalena River, which promises to offer a new alternative transport route for hydrocarbons. The ambitious project will see work start in June 2015, and has a price tag of US$600M.
As part of its plan expand the gas transportation infrastructure available in Colombia, gas distributor TGI, recently acquired by the Energia de Bogota Group, will expand the capacity of its Cusiana-Vasconia pipeline by 20 million cubic feet.
The Colombian Petroleum Association’s new president Francisco José Lloreda called on the government to improve its ability to protect the nation’s pipelines, regardless of any peace advances with the guerrilla.
After a delay of at least a year for the sale of the 57.6% share that the government has in electrical energy generator Isagén, the idea of floating more of its control of Ecopetrol (NYSE:EC) on the public market to pay for infrastructure investments has resurfaced.
From public safety campaigns to debates on who will foot the bill of heavy vehicular traffic, Casanare was home to a number of road related issues and reports, which we detail in our latest summary of road related articles.
To keep up with demand for asphalt destined for highway improvements, a firm has proposed a modernization of Ecopetrol’s (NYSE:EC) aging Apiay Refinery in Meta, which the NOC had consider shuttering.
The Minister of Environment and Sustainable Development (MinAmbiente) Luz Helena Sarmiento has broken her silence and addressed the damage resulting from guerrilla attacks on oil infrastructure and tanker convoys.
A long planned privately owned refinery appears ready to set foot in Puerto Olaya, Santander, after the investment bank managing the project says it has found a specialized fund in Canada that will make an initial investment in the US$3B project.
There is progress to expand and modernize the Cartagena Refinery (Reficar), and the company says that nine of the 15 plants that must be ready to finish this long delayed project have now been completed.
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