French oil and gas company Établissements Maurel & Prom (M&P) announced the finalization of an agreement with NG Energy International Corp. to acquire a 40% operating stake in the SINU-9 gas block in Colombia.
The Minister of Finance (MinHacienda), Diego Guevara, provided the first insights into the upcoming tax reform proposed by the Petro administration.
The Director of Colombia’s National Planning Department (DNP), Alexander López, raised alarms over CoP$16T in missing royalties.
The pundits have started saying nice things about Ecopetrol and the share price has responded positively.
Following Vanti’s announcement of a 36% increase in gas bills, particularly affecting regions like Bogotá, some media outlets suggested that the rise might be artificially induced. However, experts argued that the real causes behind the price surge are gas shortages and transportation challenges, as Vanti has stated.
Colombia’s liquefied petroleum gas (propane) industry is facing a severe crisis as companies warn they may be forced to halt operations due to the government’s failure to pay outstanding subsidies.
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