CEO Felipe Bayón explained that the NOC’s biggest challenge is to produce 600mmbbl in 2020, for which it will focus on exploration, Enhanced Oil Recovery (EOR) and unconventional resources (UC).
Local journalists insist on the fact that resources from the General System of Royalties (SGR) that are given to Casanare’s government need to be monitored, arguing that there are clear signs of corruption. These and other stories in our periodic Royalties summary.
Oil companies consider that deducting royalties’ payments from their taxes is not a ’loophole’, despite the ruling by the State Council and declarations by politicians.
Valueskies announced its intention to build several bio-refineries in the country. Company representative Laura Ramírez spoke about the firm’s goals in Colombia.
According to the Regional Autonomous Corporation of the Sinú and San Jorge Valleys (CVS), the spill was caused by a leak of about 13 barrels at Ocensa’s station in Coveñas (Sucre). The development of these and more stories in our periodic Eco summary.
The Colombian oil sector was able to overcome the oil crisis, but there is still uncertainty about low oil reserves. Germán Espinosa, President of the Colombian Chamber of Goods and Services (Campetrol) spoke about this topic.
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