Low oil prices of are a thing of the past (for now at least) and the sector is experiencing a new era with better prospects, benefiting the country’s economy and finances. Alberto Bernal, Expert in Economics, spoke about effects of high oil prices on the country.
On November 6th, 2017, when Iván Duque was one of the presidential candidates for the Centro Democratico party, he signed an opinion column in ‘El Colombiano de Medellín’ titled “El Resurgir de Barrancabermeja” (literally: Barrancabermeja’s Resurrection), explaining the importance of the Refinery’s Modernization Plan.
The Ministry of Mines and Energy (MinMinas) reported oil and gas production figures for May 2018. Crude increased compared to the same period last year, and gas showed positive behavior as well, surpassing the 1,000mmcfd barrier.
The World Trade Organization (WTO) asked Colombia to continue with the process of diversifying its economy, in a scenario of industry and political instability.
Legal insecurity has increased in recent years in Colombia due to lack of clarity in the rules of the game. The Departmental Comptroller’s Office of Cundinamarca ruled on environmental licenses in mining matters.
The union spoke about the successful negotiations with National Oilwell Varco Colombia.
2025, Hydrocarbons Colombia, All Rights Reserved.
