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.
There has been much discussion about the Barrancabermeja refinery’s future. Some have said that Ecopetrol (NYSE: EC) will close it, but the company has denied that. Juan Carlos Echeverry, CEO of ECP talked about the refinery situation and his perspectives in an interview with El Espectador.
Colombian authorities want to leverage the navigability of the Magdalena River. There are many projects working to achieve this, but investigations are emerging about possible irregularities.
The National Department of Planning (DNP) wants to boost projects through mining and oil royalties around Colombia. Luis Fernando Mejía, Director of DNP, talked about this strategy.
The Colombian Petroleum Institute (ICP) is the main research center of the industry in the country. ICP announced investments to support Ecopetrol’s 2017-2020 business plan (NYSE: EC).
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