The National Hydrocarbons Agency (ANH) held its account rendering session for the first half of 2016, and highlighted its efforts to mitigate the adverse effects of the fall in oil prices and the challenges left for the rest of the year.
A recent report from the National Planning Department (DNP) found that there are 122 royalty funded projects worth around CoP$1T (US$324M) which are in a “critical state of execution” and suffering from delays and management problems.
President Juan Manuel Santos released more details on the timing for signing a final agreement with the Farc and said that the plebiscite can be ordered before the final agreement is signed.
Ecopetrol (NYSE:EC) has proposed moving its Lorita-1 well, part of an exploration project, due to concerns from residents in the Municipality of Guamal, Meta. The NOC said that the project will go forward, although it has been discussed now for over three years.
The opposition to fracking in Colombia has been simmering for some time, but reached a new level last week after Santander’s Departmental Assembly unanimously voted against the technique in their territory.
Iván Cortés, the manager of Llanopetrol, the controversial firm created by former Meta Governor Alan Jara to build a refinery in the department, took to the press to defend the project, and assured that it is no white elephant.
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