USO expressed their concern regarding Barrancabermeja Refinery’s infrastructure conditions and said a modernization must be done. They said that despite the partial success in negotiations with Ecopetrol (NYSE:EC), dialogues with Adrialpetrol failed because the company was “not ready to commit to an agreement.”
This past week Ecopetrol published its results and both the popular press – and Hydrocarbons Colombia – was focused on this event. But is this media attention justified?
We have made this point before but this is a different way to look at it. It will be very hard for Colombia to hit the production goal the ANH is talking about – 900 mbd – if Ecopetrol (NYSE:EC) is only going to be about flat with its production.
Ecopetrol (NYSE: EC) faces increasing social unrest and, at the same time, attacks against its infrastructure. This means high costs for everyone. Attacks on Caño Limón pipeline are the most significant.
The Sectorial Studies Direction of the General Comptroller conducted a discussion on natural gas and its supply. The Mining Ministry (MinMinas) and the Energy Mining Planning Unit (UPME) participated in the event.
The government plans to propose a law to allocate 7% of the royalty resources to the post-conflict process. Some governors believe that this measure will promote centralism.
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