According to a report from the Chamber of Petroleum Goods and Services (Campetrol), the consequences of saying ‘No’ to fracking go beyond assuring the country’s energy self-sufficiency.
Ecopetrol (NYSE: EC) has reported good financial performance in recent years, generating expectations about new investment in oil projects in the country. Felipe Bayón, CEO of ECP, spoke about key issues such as dividends, cash generation, and the firm plans in coming years.
The National Hydrocarbons Agency (ANH) spoke about the GUA OFF-1 and COL-4 projects; two Offshore discoveries that will boost the national industry.
A few weeks ago, the Colombian government, through the Ministry of Finance (MinHacienda), proposed selling part of the country’s shares in Ecopetrol (NYSE: EC). Experts and government representatives continue to discuss this alternative.
The oil sector continues to announce agreements to encourage the exploration and production of oil and gas in the country, with the Colombian authorities’ support. The National Hydrocarbons Agency (ANH) announced a new agreement between Parex (TSX: PXT) and Ecopetrol (NYSE: EC).
While the country debates about the future of fracking, engineer Germán Espinosa, President of the Chamber of Petroleum Goods and Services (Campetrol), spoke about the potential of conventional fields.
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