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The Finance Minister Mauricio Cárdenas said he has a “shock plan” ready for Ecopetrol (NYSE:EC) which is designed to increase production by 25,000bd and improve the country’s macroeconomic benchmarks.

After a hearing ordered by the municipal council of Simacota, Santander, Ecopetrol (NYSE:EC) and Parex Resources (TSX:PXT) have clarified that the participation agreement and nearby project does not involve any unconventional techniques like fracking

Ecopetrol (NYSE:EC) said that more than 40,000bd of crude production is at risk due to striking coca farmers in Puerto Caicedo, Putumayo.

The final stretch is underway to close and approve via plebiscite the peace agreement reached between Farc and government negotiators. The date for the signing of the agreement and the critical plebiscite to pass it are now official as well.

Pending changes which will be announced by the Energy and Gas Regulation Commission (CREG) between October and November could mean lower biofuels rates, which has producers concerned.

The Barranquilla Chamber of Commerce sees bright opportunities for the region with an increase in the number of companies interested in locating in the region, and from a wide variety of disciplines. But offshore activity could prove to be key source of growth for the region and attracting new firms is an important part of its strategy.

The Ministry of Mines and Energy (MinMinas) published fuel prices over the weekend for September 2016, which include an rise in both gasoline and diesel, citing increases in crude and biofuels prices.

The Colombian Petroleum Association (ACP) called the peace agreement a positive development and recognized the government’s effort to achieve it. In its diplomatically-toned declaration, it says it will analyze the agreement for its opportunities and challenges.

The warnings which have emerged against fracking and unconventional production are without merit and have demonized the technique in Colombia, even though it is an opportunity to ensure energy self-sufficiency in Colombia, said Francisco Lloreda, president of the Colombian Petroleum Association.

The brave new “New Economy” of Colombia based on tourism and agriculture should be thought of as a complement to the oil economy, but does not replace it said the Finance Minister (MinHacienda) Mauricio Cárdenas, marking a more modest view of his economic plan.