Despite recent statements by Finance Minister Ricardo Bonilla (MinHacienda), Colombia’s oil production is projected to fall short of the 1,000mbd mark.
In May, some municipalities in Santander, including those in the metropolitan area of Bucaramanga, saw their household gas bills surge by up to 53%. This significant increase prompted the Energy and Gas Regulatory Commission (CREG) to clarify on this issue.
Natural gas has played a vital role in the social and economic transformation of Colombia, providing an essential public service that enhances the quality of life for over 36 million citizens, or 12 million households.
Ecopetrol (NYSE: EC) reported the economic losses due to the oil theft and attacks against oil infrastructure.
Colombia’s Minister of Mines and Energy (MinEnergia), Omar AndrĂ©s Camacho, provided details about the upcoming increases in fuel prices, focusing particularly on diesel.
Carlos Grateron, Technical Director of the National Federation of Biofuels (Fedebiocombustibles), declared that Colombia leads the world in carbon footprint reduction.