UPDATED — Colombia’s Supreme Court has ruled the current pricing scheme in which the presidential administration smooths prices is unconstitutional. Instead any mechanism should fall to congress. Meanwhile the Liberal Party pushes the new mines and energy minister to study a decrease in fuel prices.
A technical issue caused the original article to have incorrect conclusions. It has been re-issued here. We apologize for any misunderstanding this might have caused.
The United Nations verified that the highway blockades associated with the agro-workers strike that have paralyzed traffic in many parts of the country have been lifted. The confirmation comes days after an agreement between seven departments and the central government. But already new strikes have been announced.
Canada’s Pacific Rubiales Energy (PRE:TSX) will invest USD$1B in infrastructure over the next year through its subsidiary Pacific Infrastructure, in projects that include a port, pipeline and train facilities.
Amylkar Acosta has been named to head the Ministry of Mines and Energy (MinMinas) but just before his appointment he laid bare his views on the energy and mining boom and its consequences in a thorough interview.
Ecopetrol looks to grow its gas production to between 195-260 KBPDE by 2020, depending on how much the industry is able to harness off-shore and unconventional reserves. Production in 2012 reached 119 KBPDE and should grow to 127 KBPDE in 2013.
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