With an eye on the nearly US$10.6B that Ecopetrol has to invest over 2014 in different aspects of its business, the Colombian Chamber of Infrastructure (CCI) has formed an alliance with the NOC to ensure the hydrocarbons investment plan brings benefits for the sector and oil producer alike.
In Monterrey a tanker passing another tanker truck crashed into two other tankers that had just collided while ascending a curvy bit of highway outside the locality known as “The curves”. Witnesses of the accident said that the driver passing the other tanker managed to avoid a full collision with the two other tankers that were stopped, but in doing so ended up in the ditch destroying all the trees and vegetation in its path.
Colombia state owned electrical transmission company Interconexcion Electrica (ISA) is looking to acquire 5% participation of the Pacific Pipeline as part of a new business venture.
Stories this week involving the public roadways and the oil industry include talks between local leaders and Equion, an Ecopetrol program to pave roads in Arauca, restrictions in Caquetá and more.
Local hiring and the ongoing debate between the economic benefits to the local economy achieved through using tankers to transport crude stood out as the top items in this week’s road review.
Editor’s note: This version of the story clarifies that Gran Tierra Energy had indeed issued a press release to certain local media outlets informing that the suspension of trucks would be a temporary arrangement after HCC received the full release from the company.
The Colombian government will move forward on its section of pipeline that is slated to connect to neighboring Venezuelan and reach the Pacific coast in Colombia, a project designed to increase access to the Asian markets for both countries. Delays from the Venezuelan NOC, PDVSA, have led Colombian authorities to jump start the program alone.
The Ministry of Mines and Energy and the infrastructure unit of Pacific Rubiales Energy (TSX:PRE) have penned the concession contract to build the Olecar Pipeline, another attempt to mitigate the complicated logistical scenario of sending crude to ports in tankers.
The Ministry of Mines and Energy (MinMinas) issued a statement in which it says that the regasification plant awarded to a consortium headed by Promigas continues forward, and that despite reports saying otherwise, neither it nor the Inspector General has the authority to halt such a project.
Colombian senator Jaíme Durán of the Liberal party has called on the leadership of Ecopetrol (NYSE:EC) to explain to the country in detail why the Barrancabermeja project continues to suffer delays.
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