Iván Duque, President of Colombia, pledged to promote the development of the oil sector in Colombia and his government has taken several steps to achieve it. Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke on this topic.
The government agreed to modify the National Development Plan (PND), including an article that could lower the Value Added Tax (VAT) on gasoline and diesel. Will this impact gasoline prices?
Frontera Energy Corporation (TSX: FEC) announced its first quarter 2019 operational update. Colombia production in the 1Q19 increased, being the highest since 4Q17 in the country. The firm’s drilling campaign is advancing satisfactorily in the country.
Representatives of the sector talked about the relevance of unconventional deposits to considerably increase reserve and production metrics.
Opinions on the development of fracking in Colombia are still divided, but this might be the ‘missing piece of the puzzle’ to assure a healthy debate on the matter.
Alejandro Robledo, manager at the Busscar vehicle manufacturing company, spoke about the benefits that the new TransMilenio fleet will have on Bogotá’s air quality.
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