Nubia Orozco Acosta has been sworn in to run the National Environmental Licensing Authority after its former director Luz Helena Sarmiento took the Environmental Minister’s role earlier this month.
Selling a small percentage of Ecopetrol (NYSE:EC) instead of the whole of electrical energy generator Isagén would be preferable for the government to raise money for a needed investment in infrastructure says the VP of Colombia’s Senate, Carlos Emiro Barriga.
Colombia’s gas industry is moving towards an open market instead of using an auction system as a way to lower gas prices at the wholesale level. The full supply offer is set to delivered to the industry this week and the negotiation phase will start on September 30.
The new mines and energy (MinMinas) minister Amylkar Acosta has arrived to a particular dilemma beyond the strikes and protests, as the ministry is facing a 16% cut in its 2014 budget.
We published a similar article a few weeks ago. Unfortunately our data analysis suffered a technical problem that produced inappropriate conclusions. We apologize for any misunderstanding. Here is the completely revised and corrected data.
MinMinas Amylkar Acosta has named Ricardo Rodríguez Yee as Vice Minister of Energy replacing Orlando Cabrales who goes back to the National Hydrocarbons Agency (ANH) replacing Germán Arce, who – as of writing – leaves the government.
Colombians might be paying at the pump, but Colombia’s Mines and Energy Minister Amylkar Acosta says the country cannot afford to put Ecopetrol’s (NYSE:EC) financial stability at risk, and that as long as crude prices remain high, gas will follow.
Colombia scored high marks for the competitiveness of its energy sector according to two international studies which also took into account access to energy and how compatible energy policies are with environmental challenges.
Opponents of the General Royalty System (SGR) got a legal victory after Colombia’s constitutional court accepted the arguments of Senator Juan Lozano that the new system is part of a centralist vision, which is prohibited by the current constitution.
UPDATED — Colombia’s Supreme Court has ruled the current pricing scheme in which the presidential administration smooths prices is unconstitutional. Instead any mechanism should fall to congress. Meanwhile the Liberal Party pushes the new mines and energy minister to study a decrease in fuel prices.
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