“What is signed in Havana will be subject to a plebiscite, whether the Farc likes it or not”, said President Juan Manuel Santos in reaction to an open letter from the guerrilla that it would not be the adequate legal or constitutional instrument.
The Chamber of Energy Goods and Services (Campetrol) published an analysis in which it found that calculations of Colombia’s reserve life are much lower due to the fall in oil prices, and do not even extend for five years.
The president of the Colombian Petroleum Association (ACP) Francisco Lloreda talked about the impact that the fall of oil prices has had on Colombia’s producing regions in a long interview, and urged the government to do more to incentivize exploration and lower the fiscal load on companies.
The controversy surrounding the soaring costs to modernize the Cartagena Refinery (Reficar) has hit new heights (or are they lows?), with control bodies promising to investigate former management, presidents accusing presidents and much more.
The Constitutional Court has ordered the immediate suspension of oil activities in the Orito Municipality in Putumayo, and ruled that there was no prior consultation with indigenous communities in the region.
The El Niño weather phenomenon has meant the highest use of thermal energy generation in Colombia’s history, says the director of Jorge Valencia Marín of the Mining Energy Planning Unit (UPME). However he assures that the grid is working fine, and the historic use is still “normal”.
The Ministry of Mines and Energy (MinMinas) and the Australian Consulate have signed a memorandum of understanding to deepen the relationship between the two governments and encourage an exchange in hydrocarbons matters.
The president of the Colombian Petroleum Association (ACP) Francisco José Lloreda sees 2016 as a critical year for structural changes that will make Colombia more competitive. High State take and soaring transportation costs must be addressed.
The Association of Large Energy Consumers (Asoenergia) says a planned regasification plant for Cartagena does little to address the energy issues, and called on the government to follow through with a reform of the distribution of the “reliability charge”.
The Bank of Bogotá produced a report in which it detailed the impact of four different oil price scenarios, and how these would affect the Colombian peso to US dollar exchange rate exchange rate, and as a result, government finances.
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