The country still relies heavily on oil prices to support its public finances, yet these are starting to weaken, after reporting significant increases last year.
The NOC has formally asked the US government for a license to work with PDVSA. A similar permission was granted to US oil major, Chevron, in November, which the company used to export crude from Venezuela.
The Ministry of Mines and Energy (MinEnergia) announced fuel prices for January 2023. Here are the details.
Sources at the Ministry of Energy (MinEnergia) spoke about a possible strained relationship between Minister Irene Vélez and her vice ministers.
The Colombian government announced its expectations for Ecopetrol’s (NYSE: EC) contribution to the public finances in 2023, as well as expectations linked to oil production on the coming years.
The Minister of Finance (MinHacienda), Jose Antonio Ocampo, talked about the time it will take for the energy transition process to take place, and discussed oil exports and Colombia’s oil and gas reserves.
“Reyes” have passed, marking the end of the holiday period in Colombia. Nothing left to do but start 2023 and, for Hydrocarbons Colombia, to make some bold assertions, almost certain to be wrong (if past performance is a guide). As always, I hope I err on the side of conservatism.
The head of the Colombian Petroleum Association (ACP), Francisco Lloreda, analyzed the new outlook for the oil and gas sector in Colombia.
Alexander Müller, Chief Economist for the Andean Region, Central America and the Caribbean at Bank of America, spoke about the Colombian economy and the role of the industry in its performance.
Colombia could go from being an importer, to being an exporter in the fertilizer industry. This is why.
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