Ocensa, the largest oil pipeline in Colombia, announced an increase in transport prices, generating controversy in the sector. This “fight” between oil companies and Ocensa continues and government representatives spoke on this issue.
The Colombian government launched its Circular Economy Strategy, making Colombia the first Latin American country to implement this initiative, and the industry the first sector to provide results.
According to the source, Colombia’s Ecopetrol will remain stable in the region, fighting to maintain its oil production levels stable.
Industry Associations have called for the implementation of fracking to avoid self-sufficiency issues. However, this alternative is still a cause for concern among different sectors of the Colombian society.
The Colombian government is committed to increasing industry operations in hopes to increase existing reserves. The National Hydrocarbons Agency (ANH) announced authorities’ reserves goal and further plans to achieve them.