Ecopetrol (NYSE:EC) 3Q16 results let us see into the impact that Reficar is having on the NOC’s business. The graph also sheds light on our assumed relationship between increased refining activity and ECP’s exports.
The director of the Energy Mining Planning Unit (UPME) Jorge Valencia Marín said the entity has identified 12 projects, including a Pacific re-gasification plan, which will be needed to guarantee the supply of natural gas past 2021.
The former president of the Colombian Chamber of Oil Goods and Services (Campetrol) Ruben Darío Lizarralde was optimistic on the potential to develop the Colombian Caribbean waters for offshore oil production, as part of a move to ensure the country’s energy security.
Casanare had been on the media’s radar due to the way their royalties are being handled. It seems like delays, cost overruns and lack of efficiency spread throughout Colombia’s royalty distribution system. Córdoba and Boyacá on the other hand, will benefit from the ‘incentive to production’ projects, financed by MinMinas. These and other stories in our periodic summary.
Juan Carlos Echeverry, Ecopetrol’s (NYSE:EC) current president apologized for the Reficar and Bioenergy cases.
A spill registered at the Rubiales field forced Ecopetrol (NYSE:EC) to activate its contingency plan and caught the attention of national environmental authorities.
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