Another reader question inspired an interesting graph to share. Here is the distribution of crude oil production by field from 2Q16.
The Cartagena Refinery (Reficar) expansion is not enough, warns the Colombian Petroleum Association (ACP), and if refining capacity is not expanded, by 2040 Colombia could be importing half of its fuel and gasoline.
The legal limit for the government to present its biannual royalty budget for 2017 and 2018 is approaching fast and due on October 3rd, the day following the plebiscite on the peace agreements. This and other royalty related stories in our periodic summary.
HCC attended the XXXIII Colombian Energy Conference (Enercol), organized by the Colombian Engineers’ Association (ACIEM), Cundinamarca chapter, at Club El Nogal in Bogotá.
Ecopetrol’s (NYSE:EC) board of directors have added three new members which have been designated to replace Roberto Steiner, Jorge Pinzón and Gustavo Carvajal.
According to figures from the Colombian Chamber of Oil Goods and Services (Campetrol), the oil industry has contributed nearly CoP$215.9T (US$72.2B) since 2006, and this demonstrates the importance of the industry and its financial health.
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