The Colombian government failed to meet its oil production target for 2016 (what a surprise). The Ministry of Mines and Energy (MinMinas) reported data for December and the annual average extraction in the country.
German Espinoza was appointed as the new executive president by the Colombian Chamber of Petroleum Goods and Services’ (Campetrol) Board of Directors and will assume office on February 1st, 2017.
The Colombian Petroleum Engineers Association (ACIPET) has a new board and elected Julio Cesar Vera Díaz as the new Chairman. Acipet published an interview with Vera Díaz and we bring a brief summary of it.
After months of speculation, seems like negotiations between the Government and the ELN will start on February 7 in Quito, Ecuador, five days after the ELN releases former congressman Odín Sánchez.
Although at the beginning of this year the National Government raised gasoline prices because of the new ‘Green Tax’, Colombia has one of the lowest prices in South America, according to data from Global Petrol Prices.
Oil production will continue to fall. The National Government estimated it for the financial plan for 2017 and some days ago, Mauricio Cárdenas, Minister of Finance, presented this plan.
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