This week the Colombian Petroleum Association (ACP) raised the issue of oil transport costs and in particular, pipeline tariffs. Given the government’s stake in the Cenit, which owns virtually all of the pipelines, the request for lower tariffs will likely be ignored. But Cenit’s victory may be pyrrhic this time.
The Organization of Petroleum Exporting Countries (OPEC) published its monthly report on the oil market, reviewing its prospects for demand worldwide.
The Colombian Petroleum Association (ACP) called on authorities to re-think pipeline transportation tariffs.
Low oil prices will not only translate into less production, but into less royalties’ resources for Colombia.
Colombia’s Central Bank (BanRep) released Foreign Direct Investment (FDI) figures for the 1Q20 period. Here are the details.
The President of the Colombian Petroleum Association (ACP), Francisco Lloreda, spoke about the effects of low oil prices in Colombia.
The discussion around the development of unconventional resources is still going on. Some experts from the National University of Colombia expressed their support to this technique, while others opposed to it.
Vice President Martha Lucía Ramírez spoke about the different sectors of the economy that will reactivate their activities after the current mandatory isolation period ends, on April 27th this year.
On Monday April 20th, WTI for May went into negative territory. Theoretically, oil companies would have to pay customers to take their May production. No one we spoke to could remember this happening before.
The National Hydrocarbons Agency (ANH) announced the prequalified bidders for the fourth window of the Permanent Competitive Process (PPAA).
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