The idea of allocating a portion of the royalties budget to finance the post-conflict process has been controversial in the country. Not only has the Inspector General said it will “check the initiative with a magnifying glass”, but President Santos announcement of allocating science and technology resources to build tertiary roads caused a major discord in the country.
Oil spills took place this week in Caño Barbasco, Puerto López, and in Buenaventura and the companies involved implemented contingency plans. Regional environmental authorities did strict follow-ups on Bioenergy and Morelco’s facilities in the affected areas.
Ecopetrol’s (NYSE:EC) E&P business unit had more EBITDA than its Transport Line of Business (LoB) in 2016 but by far the largest contributor to Net Income was Transport. This continues to generate controversy. We hope this graph is helpful.
Gas supply has been one of the main issues in the country. The government has identified the main investments that the natural gas industry needs to guarantee self-sufficiency in Colombia. .
The new resolution will define the conditions for biogas and biomethane service at a domestic and industrial level in Colombia in terms of quality, safety and tariffs.