The sector is investing in oil transportation infrastructure in the country. The industry is betting on transporting at least some of the crude through the Magdalena River.
The Colombian Caribbean coast has many challenges in energy matters and suffers many shortages. Promigas and Canacol Energy (TSX: CNE) are analyzing options to improve this aspect.
The executive director of the Energy and Gas Regulatory Commission (CREG), Germán Castro, said that the government will be more involved in building strategic infrastructure for the sector and will issue new standards to improve it.
Our count of security incidents near oil and gas infrastructure that we attribute to the guerrilla went down this month. But considering the impact, mere numbers are not telling the whole story.
Codaltec and Colombian engineers designed and built a satellite radar to guard the Caño Limón-Coveñas pipeline.
Ecopetrol’s (NYSE:EC) E&P business unit had more EBITDA than its Transport Line of Business (LoB) in 2016 but by far the largest contributor to Net Income was Transport. This continues to generate controversy. We hope this graph is helpful.
According to Cormagdalena, Ecopetrol (NYSE:EC) and Invías will help finance the maintenance and dredging work in the Magdalena River, if the contract with Navelena expires.
The International Gas Transport Company (TGI) celebrated its 25th anniversary and announced through a press statement that its plan for 2017 includes investments in infrastructure.
Ecopetrol (NYSE: EC) has been strengthening its transport business in recent years. The Colombian company has great plans for this corporate area since it has become one of the most profitable.
Colombian media reported the country has one of the most expensive production processes in the world.
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