The Deputy Minister of Energy, Miguel Lotero and Jorge Valencia, Executive Director of the Energy and Gas Regulatory Commission (CREG) made an industrial visit to Ecopetrol’s (NYSE: EC) Floreña field.
Since coming back from the year-end holidays, the Colombian business news – and our modest newsletter – has been dominated by Ecopetrol’s surprise announcement that it was bidding for the country’s long haul electricity transmission provider ISA. This has put the NOC’s long-term strategy up for public debate. Coincidentally, two global thinktanks published separate but similar studies warning National Oil Companies to change their investment plans. A song for Felipe Bayón.