Ecopetrol’s (NYSE:EC) transportation spin off Cenit is planning a series of investments of up to US$4B in total from 2014-2019 to increase its crude oil transport capacity to 1.4mmbd.
The graph shows what has happened to production from Rubiales field since 2002. Meta Petroleum i.e. Pacific Rubiales (TSX:PRE) took over operations of the field in mid-2006 when it was producing just under 10mbd by our estimates.
Casanare has CoP$35B (US$13.2M) in road infrastructure projects in the pipeline and an environmental alternative for a Meta train project has been authorized. These and other stories in our periodic roundup of road-related issues.
The association of propane gas distributors Gasnova reiterated its alarms that Ecopetrol (NYSE:EC) is taking measures to limit the supply of propane gas in Colombia to benefit its financial results, which it says will have a grave impact on the poorest populations in the country.
The Minister of Environment Gabriel Vallejo contests the concept of ‘express’ environmental licenses, arguing that instead the license only now has clear procedures and timeframes, and the new system will be technical and more formal.
Incident counts went down to 25 but this was primarily due to fewer reported Armed Forces incidents.
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