Colombia’s Superintendence of Industry and Commerce (SIC) sanctioned gas stations for delivering less fuel to their customers. Here is what the National Federation of Fuel and Energy Distributors (Fendipetróleo) said.
Colombia continues to discuss the possible implementation of unconventional techniques, while the current oil and gas reserves levels generate concerns in the hydrocarbon sector. Alberto Leal Niño, Chairman of the Board of Directors of the Colombian Association of Petroleum Engineers (ACIPET), spoke on this subject and international experiences in countries such as Poland.
Colombia’s reserves are slowly coming to an end, affecting the country’s economy. Experts spoke on the matter.
The Colombian Chamber of Petroleum Goods and Services (Campetrol) brought authorities and industry representatives together, to analyze the sector’s territorial strategy. Here are the details.
The Colombian peso has devaluated strongly against the dollar in recent months, causing concerns in some economic sectors. Juan José Echavarría, Manager of the Colombia’s Central Bank (Banrep), spoke on this subject.
The government presented the National Development Plan (PND) but some of its articles have generated much controversy. The Association of Financial Institutions (ANIF) spoke about the PND and some of its effects on fuel prices.
Colombia could see an increase in its oil revenues, if Brent prices stay at US$74, Acciones & Valores said.
Entrepreneur Mauricio Botero wrote an Op-Ed explaining why selling part of Ecopetrol (NYSE:EC) to finance infrastructure projects is the way to go.
The crisis in Venezuela opened the possibility of increasing oil exports from Colombia to the United States, generating great expectations in the sector. However, Moody’s made a report on this situation, and the results are not very encouraging.
The government had announced the possibility of selling 8.5% of Ecopetrol’s (NYSE:EC) shares. The Association of Financial Institutions (ANIF) has plans for the revenue this might generate.
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