Ecopetrol (NYSE:EC), the Attorney General’s Office, the Ministry of Mines and Energy (MinMinas), the Ministry of Environment (MinAmbiente) and Medellin’s Mayor’s Office signed a pact to improve the city’s air quality.
Surtidora de Gas del Caribe (Surtigas) has managed to grow its operations in the country, especially on the Caribbean coast. The company completed 50 years of operations in Colombia with excellent results.
The government confirmed that royalties’ resources for producing regions will considerably increase next year, compared to the 2017-2018 period. These and other stories in our periodic Royalties summary.
The Propane Distribution Association (Gasnova) published figures on the consumption of this fuel and sales index by department in Colombia. Alejandro Martínez, President of Gasnova, highlighted the growth in propane consumption in some regions of the country.
Better oil prices will benefit the country’s finances, but will not change the government’s plan to maintain an austerity policy, said María Fernanda Suárez, Minister of Mines and Energy (MinMinas).
The increase in oil prices in recent months can generate several benefits in financial terms for the country. However, public finances will not be the only beneficiaries of this new price environment, as some believe it could boost several key infrastructure projects for the Colombian oil sector, such as the Bicentenario pipeline expansion.
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