The Ministry of Mines and Energy Germán Arce says that the government has maintained its goal of one million barrels of crude per day, despite the industry’s challenges and falling output, and said investors need clear signs and consistency in the oil industry.
We picked up a rare article which sounded alarms on the oil industry in a magazine read by Colombia’s elite, which brought up the legal instability, polarization and environmental resistance that is crushing the national budget.
In his last interview before resigning as the director of the National Agency of Environmental Licenses (ANLA), Fernando Irequi argued that the controversy around the Caño Cristales River and the revoked license for Hupecol was an isolated case, and also defended agency’s process to approve it.
A municipal ordinance plan (POT) looks to restrict oil activities in order to protect local water sources, and this has led to a series of court actions and accusations. The decision could end up affecting production at Ecopetrol’s CPO-9 block.
The National Hydrocarbons Agency (ANH) says that it has detected a significant increase in the buying and selling of E&P blocks, provoked by the fall in oil prices.
Recommendations for contractors with inflated prices, a passing of blame between Presidents Juan Manuel Santos and Alvaro Uribe and accusations of prostitutes winning contracts have taken the scandal surrounding the Cartagena Refinery (Reficar) to an all new level.
One of the initiatives of the former president of the National Hydrocarbons Agency (ANH) Mauricio de la Mora is to allow international investment funds to partner with oil companies or contractors to create new investment, and the regulations to allow it are nearly ready.
The National Agency of Environmental Licenses (ANLA) made a mistake by granting an environmental license to Hupecol for a production block some 68km from the Caño Cristales river, but rectified its error by revoking the license, said President Juan Manuel Santos.
The Ministry of Mines and Energy (MinMinas) reported that once gain fuel prices will start to increase after successive drops in recent periods. The international price of fuel and increased biofuel costs were cited as the reason.
The new Minister of Mines and Energy Germán Arce gave his first interview to national press, addressing controversy surrounding the electrical energy offer and the issuing of environmental licenses for sustainable projects. He also defended fracking.
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