Colombian authorities want to boost the oil exploration and production in the country to guarantee energy self-sufficiency over the long term. The National Hydrocarbons Agency (ANH) announced projects to achieve this goal and the Tax Refund Certificate (CERT) plays a key role.
As we reported on Monday, Ivan Duque (Centro Democratico) won the presidential elections against leftist Gustavo Petro. The Colombian Petroleum Association (ACP) spoke about his challenges as Colombia’s new president.
Low oil prices of are a thing of the past (for now at least) and the sector is experiencing a new era with better prospects, benefiting the country’s economy and finances. Alberto Bernal, Expert in Economics, spoke about effects of high oil prices on the country.
On November 6th, 2017, when Iván Duque was one of the presidential candidates for the Centro Democratico party, he signed an opinion column in ‘El Colombiano de Medellín’ titled “El Resurgir de Barrancabermeja” (literally: Barrancabermeja’s Resurrection), explaining the importance of the Refinery’s Modernization Plan.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for May 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier.
The World Trade Organization (WTO) asked Colombia to continue with the process of diversifying its economy, in a scenario of industry and political instability.
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