The Constitutional Court called on the Congress to define participation and coordination mechanisms for the development and follow-up processes of mining projects in Colombia.
The Colombian government has initiated a strategy to boost the exploration and production of hydrocarbons in the country, but concerns about loss of self-sufficiency continue. María Fernanda Suarez, Minister of Mines and Energy (MinEnergia), talked to the possibility of importing natural gas and the need for a new regasification plan in the Pacific.
The private sector is developing an ambitious project to build a new refinery in the country. The project received the resources needed through V.I.P Group International, a private investment fund in the US, and the construction phase could begin soon.
Inhabitants of the Mercaderes municipality (Cauca) arranged a popular consultation themselves, to decide on the future of the industry in their territories.
Ecopetrol (NYSE:EC) activated its contingency plan in the municipality of Cubará (Boyacá), after receiving reports of an oil spill in a local water source. The development of these and more stories in our periodic Eco summary.
Frontera Energy (TSX: FEC) announced its financial and operating results for the second quarter of 2019. The company reported production growth, good financial performance and cost savings during this period.
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