Colombia is discussing how to cover the current fiscal gap and the sale of assets is positioned as an attractive alternative, after the failed tax reform.
Colombians have shown their discomfort at the high cost of gasoline in the country with the potential to go higher with a VAT increase from 5% to 19%. However, Colombia has one of the lowest prices in the region.
Jorge Bendeck, President of Fedebiocombustibles, spoke about the percentage of palm oil and ethanol in biofuels.
The National Environmental Licensing Agency (ANLA) imposed a fine on Ecopetrol (NYSE: EC).
The Colombian Federation of Cargo Transporters (Colfecar) spoke about the possible tax changes for the sector.
We did a partial update of our production by field database and this week we publish some illustrative charts. No surprise really, but it is hard to find a silver lining in the clouds of 2020 although companies are upbeat about Capex in 2021 with oil prices rising.
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