The government is presenting a new formula to calculate fuel prices and the Ministry of Mines and Energy says it has a plan that will not sacrifice income for Ecopetrol (NYSE:EC).
Incidents near areas of interest to the oil and gas industry were down this week to 25 below recent and long-term averages. Non-Armed Forces incidents were average at 16%. This is our indicator of increased guerrilla-initiated activity. Correspondingly, our 4-week Moving Average incident count was down to 33.5 and the 52 week average was down although essentially unchanged at 33.7 incidents per week.
The Casanare government signed an agreement of understanding with oil operators from the region to define social investment and road maintenance in the region, an event that brought out Ecopetrol’s president Javier Gutiérrez.
The peace process in Colombia was rocked with accusations from the government that they had uncovered evidence that the Farc’s Teofilo Forero column is planning an assassination attempt of former President Alvaro Uribe, one of the loudest critics of the process.
Ecopetrol (NYSE:EC) highlighted the results of the recent bilateral negotiation, part of the government’s effort to redefine the commercial structure of natural gas in Colombia and lower prices for the final consumer.
The graph above shows a drop in the value in the exports of Colombian oil and derivatives, part of an up and down trend despite sustained rises in production.
2025, Hydrocarbons Colombia, All Rights Reserved.
