Ecopetrol (NYSE:EC) wants to install a station that would allow it to pump naphtha or fuels through a seven kilometer pipeline that is buried two meters below the surface in Santander, but environmentalists have organized to oppose the project on the grounds it could affect the local water sources.
The Colombian government puts high hopes on offshore blocks for the 2014 Round of auctions. But today companies which won offshore blocks in previous round are ‘out-shooting’ those companies with onshore blocks.
After the recent pipeline attacks and simultaneous lowering of the government’s production target to 981mbd, MinMinas Amylkar Acosta and Colombian Petroleum Association (ACP) head Alejandro Martínez separately did the rounds of the national press. Both provided some interesting statistics and perspectives.
Over the past few weeks, the focus of environmental criticism has shifted from the oil companies themselves to the impact of crude spills from guerrilla attacks on infrastructure. But E&P companies are not completely off the hook.
Multiple projects for new hydrocarbons ports are planned for Cartagena and Buenaventura. The Buenaventura projects are additional to the plans that the Pacific Pipeline has for connecting the Llanos to Asia Pacific markets.
President Juan Manuel Santos, in the heat of his contested re-election promised to restrict the flow tanker trucks on the roads of Huila, promising to ship oil via Ecuador, banning the tankers presence on Sundays and holidays after residents expressed their complaints.
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