At the recent ACIEM Enercol Conference, there was a very interesting debate about the second regasification plant. Even I have to admit the bureaucrats made their case.
Ecopetrol (NYSE: EC) and the USO announced the new “Collective Labor Agreement” a couple of days ago. Both parties celebrated this pact, but this will represent an enormous cost for the NOC.
A new fracking debate will soon take place in Congress. Hector Manosalva, Ecopetrol’s (NYSE: EC) Vice President of Development and Production, spoke about what this technique represents for the country.
The National Agency of Environmental Licenses (ANLA) announced a technical team to follow up on the exploratory drilling project Rio Zulia West of the company Turkish Petroleum.
Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), announced the royalties’ budget for the period 2019-2020. She highlighted that the government is optimistic about these resources, thanks to the increase in oil prices.
Local production of ethanol is insufficient to cover the demand for this fuel in Colombia, increasing imports. The United States Department of Agriculture made a report on ethanol exports, highlighting an increase in shipments to Colombia.
The new Collective Labor Agreement, valid for 4.5 years, could reduce production risks due to lower possibilities of having strikes.
The boom of anti-oil and mining popular referendums has created much discussion in the country about their use to prohibit extractive activities in the regions. The Mesa Hídrica del Piedemonte Llanero (MHP) spoke on this subject.
Former president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the areas that would be offered in the country.
As we noted a few weeks ago, the Colombia-Canada Chamber of Commerce’s Mining and Energy Committee prepared a set of recommendations for María Fernanda Suárez, the new MinMinas. These were delivered to her at a private meeting in Cartagena. We have translated the full document and obtained the Committee’s permission to publish it.
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