President Juan Manuel Santos told local press that an agreement with the Ecuadorian government to transport crude from Putumayo to the Ecuadorian Pacific coast is ready, an option to help alleviate congested transportation routes in the area but not without security problems due to guerrilla attacks.
With an eye on the nearly US$10.6B that Ecopetrol has to invest over 2014 in different aspects of its business, the Colombian Chamber of Infrastructure (CCI) has formed an alliance with the NOC to ensure the hydrocarbons investment plan brings benefits for the sector and oil producer alike.
Casanare oil operators and authorities have taken a more active reaction to the emergency drought conditions in the department to both offer support to communities affected and contradict criticism and allegations that oil production has caused the emergency. Critics still remain.
In Monterrey a tanker passing another tanker truck crashed into two other tankers that had just collided while ascending a curvy bit of highway outside the locality known as “The curves”. Witnesses of the accident said that the driver passing the other tanker managed to avoid a full collision with the two other tankers that were stopped, but in doing so ended up in the ditch destroying all the trees and vegetation in its path.
Colombia state owned electrical transmission company Interconexcion Electrica (ISA) is looking to acquire 5% participation of the Pacific Pipeline as part of a new business venture.
The first quarter has just ended and WTI was, on average, 1.3% higher than 4Q13 while Brent was 1.2% lower. What does that mean for average Colombian realized oil prices?
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