President Gustavo Petro Urrego called for comprehensive forensic audits to oversee the allocation and use of peace funds and royalties in the country.
Ecopetrol announced an important decision for the construction of the Orca-Chuchupa gas pipeline.
Colombian President Gustavo Petro tasked his new Minister of Commerce with reinforcing plans to transition the country’s economy away from its reliance on coal and oil revenues—key economic drivers—toward agroindustry and tourism.
In December 2014, Ecopetrol announced its first deep-water hydrocarbon (natural gas) discovery in the Caribbean Sea off the coast of Colombia at the Orca-1 well, located 40 kilometers north of La Guajira.
Orlando Velandia, president of the National Hydrocarbons Agency (ANH), emphasized that Colombia’s energy security is not at risk and assured that the government is actively seeking to utilize existing and potential discoveries.
Mauricio Palma, the Deputy Director of Hydrocarbons at the Unit of Mining and Energy Planning (UPME), announced a that the Colombian government is determined to proceed with a new call for proposals to build the Pacific regasification plant.
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