While rising oil prices have brought smiles to the faces of oil producers and MinHacienda, rising global natural gas prices must be keeping the CREG up at night. It should also be disturbing advocates of the regas strategy.
The Minister of Finance (MinHacienda), José Manuel Restrepo, spoke about the economic reactivation and the sectors that will be key in this process.
The Fuel Price Stabilization Fund (FEPC) will have a growing deficit due to the rebound in international oil prices and the global increase in fuel costs.
The General Royalties System (SGR) started the ‘Padrino’ Plan in Bolivar.
The Ministry of Mines and Energy (MinEnergia), talked about oil and gas production in the last week of September and about international gas prices.
Ecopetrol (NYSE: EC) will start extraction activities on a commercial scale in two new fields.
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