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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.

The Ministry of Mines and Energy (MinMinas) said that the development of infrastructure projects in Antioquia was a success, and for the second year in a row, Valle de Cauca was the leading department in science and technology initiatives. These and other stories in our periodic Royalties summary.

The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for August. This metric keeps its positive performance, despite operating challenges in the country.

The Energy Regulatory Commission (CREG) proposed some adjustments in the energy sector, but this has generated much uncertainty among companies in Colombia.

Public Companies of Medellin (EPM) and Canacol announced that through a second route,they will start a project to connect the Atlantic coast with the interior of the country and by this strengthen gas supply in Colombia.

Local authorities spoke about the city’s progress towards becoming an important offshore operation center in the Caribbean region.

The Coveñas / Caño Limón pipeline, one of the main assets of the country to transport crude, continues to report problems from attacks and this is generating huge losses. Ecopetrol (NYSE: EC) commented on the status of this important pipeline.