MinMinas announced August crude oil production was 1,031mbd, yet another record month. But the expectation on August 21st was for something much higher.
Even with an agreement this week between truckers and the government and formal dialogues with rural workers in Boyacá and Nariño, press reports indicate multiple blockades, located primarily in the departments of Huila, Putumayo and Caquetá.
This week the government of President Juan Manuel Santos looked to build momentum for a proposed referendum in next March’s congressional elections that would open to public vote an eventual peace agreement with the Farc.
Charle Gamba, president of oil producer Canacol Energy (TSX: CNE.T) said that unconventional oil resources have the potential to extend Colombia’s proven reserves to 15-25 years, compared to the 7 years of reserves registered today.
MinMinas announced August crude oil production was 1,031mbd, yet another record month. But the expectation on August 21st was for something much higher.
GasThe natural gas industry needs to incorporate 30,000 buses and industrial vehicles to natural gas as a way to advance a more ecological alternative to diesel. This would mean growing the share of natural gas powered vehicles (NGV) to 15% in 10 years, compared to 8% today.
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