Authorities have high hopes for oil companies that have weathered attacks and conflict, which they say now will be able to operate with less security concerns and in areas previously dominated by the armed conflict.
The Ministry of Mines and Energy (ANH) and the National Hydrocarbons Agency (ANH) said that their “Hydrocarbons Territorial Strategy” designed to address community conflicts has been consolidated in 2016 and that the second stage is already underway.
The expression is “A rising tide lifts all boats” but that certainly applies to netbacks when prices go up. Brent was up 32.5% in 2Q16 and that helped all Colombian companies report better netbacks.
“Parex keeps moving forward” That was the phrase we used to describe Parex’s (TSX:PXT) 2Q16 results and somewhat to my surprise, Colombia President Lee DiStefano liked it.
The Ministry of Mines and Energy (MinMinas) published fuel prices over the weekend for September 2016, which include an rise in both gasoline and diesel, citing increases in crude and biofuels prices.
The Colombian Petroleum Association (ACP) called the peace agreement a positive development and recognized the government’s effort to achieve it. In its diplomatically-toned declaration, it says it will analyze the agreement for its opportunities and challenges.
2025, Hydrocarbons Colombia, All Rights Reserved.
