The Ministry of Mines and Energy (MinMinas) spoke about new regulations and why they will boost Colombia’s development this year.
The government restarted the process to award offshore E&P contracts in the Colombian Caribbean, aiming to boost investments during 2019.
Alberto Carrasquilla, Minister of Finance (MinHacienda), made a proposal about the country’s participation in the Ecopetrol (NYSE: EC) stake, creating a huge debate in Colombia. Analysts spoke on this topic.
Parex Resources Inc. (TSX:PXT) announced its annual reserves as at December 31, 2018. The company pointed out that its proved reserves (1P) increased compared to the previous year. PXT recalled that its reserves are located in Colombia’s Llanos and Middle Magdalena basins.
The Colombian government announced its development plan for the current Presidential period, and the mining-energy sector plays a key role in this project. Authorities explained their plans and goals to boost this industry.
Authorities reported the highest levels of oil theft back in 2001. This is what they did to bring the metric down significantly.
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