Entrepreneurs and politicians from the Caribbean coast, such as Joseph Daccarett and César Lorduy, criticized Resolution 40646 of the Ministry of Mines and Energy (MinMinas) regarding last week’s emergency in Cusiana and Capiagua. However, the problem has been resolved.
On November 6th, 2017, when Iván Duque was one of the presidential candidates for the Centro Democratico party, he signed an opinion column in ‘El Colombiano de Medellín’ titled “El Resurgir de Barrancabermeja” (literally: Barrancabermeja’s Resurrection), explaining the importance of the Refinery’s Modernization Plan.
The Works for Taxes program is one of the most interesting ideas by the Colombian Government that we have seen in a long time. This program began with several projects and a large budget approved by the Superior Council of Fiscal Policy (CONFIS).
Colombia wants to take advantage of the Magdalena River’s potential, especially in the transport sector. Authorities have started to promote the development of this important river, but some associations are showing their concerns about the slow progress.
Ecopetrol (NYSE: ECP) announced the construction of a new refined-products pipeline in the western region of Colombia. The company highlighted the benefits of this important project for the region and the environment.
The Mayor of Barrancabermeja complained about the current situation of the refinery in that region. Local authorities are concerned about possible effects on locals’ health and demanded the presence of regulatory entities.
The development of offshore projects generates high expectations in the Colombian Caribbean and there have been positive results in a short period. The Zona Franca Palermo (ZFP) started operations and had a good 2017.
The Magdalena River’s potential is huge, especially in the transport sector, but Colombia must overcome several challenges to leverage it. Politicians talked about the situation of this important river.
With its financial closing, the Sebastopol complex will take the first step to start operations in 2021. It will be able to process 100mbd.
Colombia wants to take advantage of the Magdalena River’s potential, especially in the transport sector. Authorities started to promote the development of this important river recently and there are already positive results. The Regional Autonomous Corporation of the Magdalena River (Cormagdalena) published a report on this subject.
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