The Empresa Energía de Bogotá (EEB) has bought a 7.78% stake in the Pacific Pipeline through subsidiary, Transportadora de Gas Internacional (TGI), after EEB paid US$880M to take its control of TGI from 68.05% to 99.97%.
The delay-plagued modernization and expansion project at the Cartagena Refinery (Reficar) should be finished in December of this year, with an operational start for the 16 new refining units in the second quarter of 2015.
The TransAndino pipeline has a capacity of 47mbd per day and so should be able to handle about 87% of Putumayo’s current production. But the inability to protect the pipeline and the opening of export routes through Ecuador could leave it underutilized.
Ecopetrol (NYSE:EC) held workshops and drills with municipalities, civil defense authorities, firefighters and health officials to implement and certify its contingency plan along the security-challenged Coveñas/Caño Limón Pipeline.
A group of municipal and congressional authorities, along with members of the business community, journalists and even a bishop toured the Magdalena River multi-port facility which promises to use Colombia’s largest river as a new transportation option for hydrocarbons. It is set to be up and working in the middle of 2015.
On May 17th the General Royalty System (SGR) officially marked its second anniversary, and a look at the results over the last two years shows highway projects have received the most funding, while regionally the Caribbean coast has benefited the most.
Following through on promises to limit the number of tanker trucks heading from fields in Putumayo through Huila, national government officials have announced that crude will start heading to Ecuador via pipeline starting on July 15th. Truckers that currently move the crude through Huila in tankers have rejected the measure.
The Llanos Orientales (ODL) pipeline has been working for the last two years to reach an agreement with local communities for an 86km Carmentea-Araguaney section, but for every socialization and advance, another snag appears with local leaders.
The governor of Meta, Alan Jara, met with the Minister of Transportation, Cecilia Alvarez Correa, directors from the National Highway Institute (Invías) and representatives from the National Infrastructure Agency (ANI) to define details of a CoP$5T (US$2.6B) highway project being advanced by the central and departmental governments. This and other reports involving Colombia’s roads in the local press.
Ecopetrol (NYSE:EC) gave explanations as to why it would not sign an agreement with Casanare transportation companies that covered local hiring practices, which has been discussed with the NOC participation over the last two years. This and other press reports involving roadways and the oil industry
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