According to experts, complying with international environmental standards represents the greatest challenge for Colombia to continue with its energy sustainability, but achieving this goal is a challenge itself.
The Ministry of Mines and Energy (MinMinas) increased fuel prices for February. As expected, representatives of different sectors reacted against this action, but others defended it. The Commercial Vendors Association (Fenalco), the Colombian Association of Petroleum Engineers (ACIPET) and the Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke on this subject.
USO showed its dissatisfaction towards UT Ecolog’s position. The transport and logistics company allegedly did not show willingness to talk to them, so the union announced the sabotage of activities at Ecopetrol’s (NYSE: EC) warehouses until the firm changes its mind.
We did not publish our usual security summary for December 2017 even though it was the end of the quarter and the end of the year. By the time we started operations again after the year-end holiday period, the bilateral truce with the ELN was already over, ending literally with a bang. It made more sense to wait until the end of January.
I have a deserved reputation for being a curmudgeon – always complaining – but looking at the statistical evidence, and listening to the industry, 2018 could shape up to be a good year. I am – shock! horror! – optimistic.
Oil production in Colombia showed stable performance throughout 2017, but how have the main operators and producers in the country fared? We check our database to analyze their production metrics.
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