The economic crisis and growth in unconventional oil production are putting pressure on European oil firms Cepsa (Spain) and Total (France) to sell their share in the Ocensa Pipeline in Colombia.
The Transport Minister Cecilia Álvarez Correa-Glen announced that the ministry will form a technical committee to come up with solution to mitigate some of the problems stemming from oil trucks on public highways.
Construction of a new “Pacific Pipeline” could help alleviate bottlenecks in transporting crude from oil fields, complementing the other two main pipelines and speed delivery to meet growing demand in Far East markets like India.
This week the peace process started again in Havana on July 1st, but the headline this week was the entry of the ELN, a revolutionary group which split from the FARC decades ago, but after a meeting between leaders of the two guerrilla forces in June, is now lining up to take a role in the peace process.
Colombian oil producer Raven held a socialization meeting to present the project diagnostic for a pipeline that will connect its operations with the Bicentennial Pipeline.
The Tabasco Oil company, which is majority owned by the investment group of Mexican billionaire Carlos Slim, Grupo Carso, says it has discovered oil in an exploration block in northeastern Colombia. However, difficult community relations may limit their ability to fully exploit the opportunity.
2025, Hydrocarbons Colombia, All Rights Reserved.
