ACP as a source of information
Source: portafolio.co – National
Author: Francisco José Lloreda Mera
Date: June 16
Headline: A «upaquized» rate»
The discussion about transportation rates by pipelines in Colombia does not arise as a consequence of the current crisis in which the hydrocarbons industry and the world find themselves. For several years, private regime producers have insisted on a structural reform to the methodology by which these rates are set in the country. Transportation is the great ally of oil production. If the pipelines are viable, production is viable and vice versa. There is no doubt about that. It is not about obstructing the development of the agents and affecting their business: it is about seeking harmony among all actors, for the benefit of the industry, composed of the state oil company and its subsidiaries, and private capital companies that bet on Colombia. First, it is important to clarify that the producing companies agree that the transporter should be compensated for the investments they actually make in each tariff period and their operating costs, taking into account the geographical characteristics and other challenges of the country. The regulation of the Ministry of Energy compensates these components. That is not where the discussion lies. Francisco José Lloreda Mera. President of the Colombian Petroleum Association.
GREMIO
Source: Vanguardia Liberal
Date: June 17
Headline: The Mayor's Office seeks to bring agricultural producers closer to new markets
The actions for agricultural sector producers in Barrancabermeja to continue overcoming the economic crisis do not stop. This week it was announced that the District Mayor's Office, through the Secretariat of Economic and Social Development and the Umata, in conjunction with the Chamber of Commerce of Barrancabermeja, are coordinating actions that allow the consolidation of guidelines, methodology, and advice to link them in commercial relationship spaces with the state oil company so that they can aim for the consolidation of new businesses. “Ecopetrol has a contract for $27,000 million with Compass Group Service for food. What we suggest is that local suppliers, especially agro-industrial producers from Barrancabermeja, be taken into account, considering that we have been successfully conducting the farmers' market from the Umata.
Source: RCN Radio.
Date: June 17
Source: larepublica.co
Date: June 17
Headline: Economic analysts demand clarity on the suspension of the fiscal rule in 2021
After 42 days since the Fiscal Rule Advisory Committee recommended widening the gap between what enters the Nation's accounts and what is spent, up to 6.1% of GDP this year, on Monday the suspension of the rule that has been in effect since 2012 was determined. (…) López added that while the challenges this year are great, the fiscal situation will remain very complex in 2021, mainly because the contribution from the oil sector would be practically nil, meaning that the Government would stop receiving income from Ecopetrol dividends and income taxes from companies in the sector, which in 2020 exceeded 1.5% of GDP.
Source: eldiariodelllano.com
Date: June 17
Headline: Humanitarian aid deliveries in Casanare advance with Parex
Parex Resources Colombia Ltd Branch, since the beginning of its operations in Casanare, has generated opportunities to contribute to the well-being, progress, and sustainable development of the region amid the pandemic. The company carried out, as part of the Parex Solidaria campaign, the delivery of 500 food packages composed of basic products from the family basket, intended for the areas of direct influence of its operation, 405 packages for Villanueva and 95 for Tauramena.
Source: lavozdelcinaruco.com
Date: June 17
Headline: Occidental warns about false job offers in its name
Some unscrupulous individuals have been making false job offers involving Occidental de Colombia, LLC, Occidental Andina, LLC, and Occidental Cóndor, LLC (Occidental). Occidental recommends not responding to job proposals or offers requested by unknown individuals and not disclosing personal or financial information to unknown third parties. (…) To learn about the real job offers from Occidental in Colombia, visit the digital platform www.elempleo.com or get information through the service providers of the Public Employment System in the municipalities or cities where Occidental operates.
Topics
Source: El Espectador
Date: June 17
Headline: «I am not the general of the Farc”
This high-ranking official was called to qualify services in May of last year. A former guerrilla who worked with “Grannobles” claims that he received more than $2,000 million from the guerrilla. Retired General Murcia says it is a setup and asks the Prosecutor's Office to investigate. One of the most disturbing pieces of information that leaked about Operation Bastón (a series of secret counterintelligence missions within the Army to remove military personnel against whom there were serious indications of corruption) is that of a general who allegedly sold military information to the Farc. (…) In 2015, advances were made in the peace process with this last guerrilla. However, the war against the Eln continued, which has always been there, affecting the pipes of the Caño Limón-Coveñas pipeline. We never let our guard down. Regarding those leaks of information, even when I arrived, an intelligence bubble was created to prevent this from happening. From there, successes began.
Source: La República
Date: June 17
Headline: Dollar fell to $3.741 due to oil recovery
The dollar price started the week down and recorded a drop of $16.26 against the TRM on Tuesday, with an average quote of $3.741.89. The recovery in oil prices and the new economic stimuli from the Fed stabilized the currency. According to the latest closing from Reuters, the Brent barrel, a reference for the Colombian market, rose 3.12% to US$40.96, and WTI increased 3.39% to US$38.38.
Source: La República
Date: June 17
Headline: Analysts call for clarity on the suspension of the fiscal rule in 2021
After 42 days since the Advisory Committee of the Fiscal Rule recommended widening the gap between what enters the Nation's accounts and what is spent, up to 6.1% of GDP this year, on Monday the suspension of the rule that has been in effect since 2012 was determined. (…) “It is surprising that the decision to suspend the rule in 2021 has also been made because it is still not clear what the definitive impact of this crisis will be in terms of tax collection for next year. If there is a rapid recovery in economic activity or if there is an improvement in oil prices, fiscal figures could rebound in 2021 compared to what we will see in 2020,” said Luis Fernando Mejía, director of Fedesarrollo.
Source: El Frente
Date: June 17
Headline: Environmentalist fanaticism. By: Jaime Galvis Vergara
Recently, environmentalist groups have been pressuring for the approval of a law prohibiting mining and oil exploitation in the Amazon and the South of Orinoquia in Colombia, which is almost half the area of the country. To pretend to freeze half the country for the exploitation of the subsoil is something delirious and also wrong. As usual, ecologists do not analyze what they do. Most of the Colombian Amazon rainforest is located on a rocky floor, almost devoid of soil; it is a sparsely leafy forest and in some sandy areas, too stunted. Therefore, the fauna is scarce; one can walk for entire days without seeing any animals. The only area where abundant fauna is present is in the lower Putumayo River between the towns of Arica and Tarapacá; this region, where lacustrine sediments of brackish waters emerge, features a lush rainforest.
Institutional
Source: El Colombiano
Date: June 17
Headline: Deferred payment for oil companies
The National Hydrocarbons Agency (ANH) issued Agreement 004 on June 8, 2020, which allows operating companies with valid oil and gas exploration and production contracts the possibility of deferring the payment of economic rights for participation in production.
Source: Javeriana Estéreo
Date: June 16
Colombian Association of Oil and Gas