Both the Colombian petroleum producers' industry group ACP and the petroleum workers' union UTIPEC are in agreement in their calls for flexibility in petroleum transportation prices in Colombia's indirectly government controlled transportation network, and decry CENIT's financing...
The collapse in oil prices has led ACP, Colombia's petroleum industry association to call on the country's government to allow flexibility in the regulated pipeline transportation costs, that now make up almost half the cost of a barrel of oil, says the trade group.
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Petroleum producer Frontera Energy Corporation (TSX: FEC) last week announced responses to the lower oil price environment caused by excess global supply and the Coronavirus COVID-19 pandemic, including a reduction in the 2020 capital plan and acceleration of cost savings initiatives.
The Colombian government has clarified that foreign trade (import/export), agriculture, energy and mining activities may continue during the mandatory Coronavirus COVID-19 Curfew now in effect.
Today, the utility operator Empresas Públicas de Medellin (EPM) owned by the city of Medellin, was awarded in a competitive process the operation of Caribe Mar, the electrical utility formed by the Colombian government out of Electricaribe. Due to insolvency, the Colombian...