Ecopetrol (NYSE: EC) announced its intention to buy the government’s stake in ISA, but this could mean a reduction of the government stake in the oil firm.
The Ministry of Mines and Energy presented its Comprehensive Climate Change Management Plan (PIGCC).
Nelson Castañeda assumed the Campetrol’ Executive Director since January 1st this year.
The most surprising news of the past week was Ecopetrol’s decision to make a bid for 51.4% of the country’s long-haul electricity transmission provider, ISA. This could be a financial trick by Hacienda to turn 8% of its Ecopetrol stock into cash, a way to assure a floor price for ISA or it could be, as ECP said in its press release, a major step along its way to becoming a diversified energy company.
The Ministry of Mines and Energy (MinEnergia) presented its perspectives for this year.
ANH’s Armando Zamora spoke about the 2021 Colombia Round, and the expectations about this process.
The government has a package of 33 hydrocarbon and energy projects to reactivate the economy, but these projects are not progressing as planned.
The election of Joe Biden as president of the US generated many reactions about the possible effects on the economy for Colombia and Latin America. Experts spoke on this topic.
The Presidency published Decree 052 of January 19, 2021, which is intended to prohibit mining and oil activity in paramos (high mountain tundra).
The General System of royalties (SGR) presented a report on the investment projects approved to attend the Covid-19 emergency with its resources.
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