José María Castro, Manager of Sociedad Portuaria El Cayao (Spec), spoke about the Liquefied Natural Gas (LNG) market, prices and the regasification plant of Cartagena.
With the aim of assuring a better distribution of royalties’ resources for the regions,Santander’s Governor Didier Tavera proposed a reform to the General System of Royalties (SGR). These and other stories in our periodic Royalties summary.
A study by the Colombian Petroleum Association (ACP) said that most of the investments planned for next year will go to the development of onshore projects.
Ecopetrol (NYSE: EC) announced a new oil discovery in the Middle Magdalena Valley Basin (VMM) in the department of Santander.
The boom of anti-oil and mining referendums put at risk the development of these important sectors. The situation generated a lot of uncertainty, stopping operations in several municipalities around the country. However, it seems like things are calming down.
The Colombian oil sector had a difficult year as a result of social and legal problems. The country will have elections in 2018 and the industry is concerned about the results of this process.
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