German Arce, Minister of Mines and Energy (MinMinas), wrote an article about the goals and plans of the government in the oil sector in the newspaper El Espectador. He highlighted the relevance of the Caribbean region for the future of the sector.
The demobilization process with the FARC began a year ago, but not all the members of this group took part or have stayed in civil society. Some dissidents’ groups are looking to retain control of areas where the FARC operated; these areas have the presence of several oil projects.
Nothing like a disaster to get the political juices working and the USO is not immune to the temptation. It issued a long diatribe against Ocensa’s reaction to the Hidroituango emergency in the lower Cauca River valley.
Higher oil prices have knocked gas off its perch as Colombia’s most profitable hydrocarbon, at least on a netback basis. We update our charts with the results of 1Q18 and comment about what this shift might mean.
There was some suspense but, in the end, no surprises: right-wing candidate Iván Duque will battle left-wing candidate Gustavo Petro in the second round of Colombia’s presidential elections on June 17th.
The Fuel Price Stabilization Fund (FEPC) was created to reduce the impact of the international prices volatility on the local market. However, the FEPC has reported a huge deficit and it continues to grow.
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