ACP as a source of information
Source: El Nuevo Siglo – National
Date: August 25
Headline: Colombia: The oil sector is ready to invest US$715 million in reactivation: Francisco Lloreda
The country's oil industry is ready to invest US$715 million in the country's economic reactivation. This was stated by the president of the Colombian Petroleum Association, Francisco José Lloreda Mera, as a commitment from the sector through foreign direct investment, fuel supply, generation of royalty resources, economic rights and taxes, as well as job opportunities and productive linkages in the operating regions. (…) Among others, the regulatory aspects of the National Hydrocarbons Agency (ANH) are highlighted, which allowed the reactivation of the allocation of new areas and the signing of contracts; the contractual minutes issued by the ANH, which gave new life to offshore investments; the call for a Commission of Experts for unconventional deposits, the reform of the General Royalty System, and the promotion of the Territorial Hydrocarbons Strategy to prevent and address social conflict.
Source: El Nuevo Día – Regional
Date: August 25
Headline: Conversation on Fracking: Why yes, why not
Congressman Juan Carlos Lozada and the vice president of the Colombian Petroleum Association, Rafael Herz, will debate live for El Nuevo Día, on the convenience or inconvenience of doing ‘fracking’ in Colombia, in the Wednesday program directed by journalist Guillermo Pérez, which can be followed through www.elnuevodia.com.co ‘Fracking’ is one of the issues that generates the most controversy among environmentalists. It is an old technique. (…) The conversation between Congressman Lozada and the vice president of the Colombian Petroleum Association, Rafael Herz, will be led by journalist Guillermo Pérez, who argues that the purpose is to have an informed public opinion.
Source: prensalibrecasanare.com – Regional
Date: August 25
Headline: Oil and gas industry proposes to the national government to be an ally of economic reactivation
With a possible end to mandatory preventive isolation at the national level, the oil and gas industry, represented in the ACP, expressed to the National Government the sector's commitment to the country's economic reactivation, through foreign direct investment, fuel supply, generation of royalty resources, economic rights and taxes, and job opportunities and productive linkages in the operating regions. (…) Among others, the regulatory aspects of the National Hydrocarbons Agency (ANH) are highlighted, which allowed the reactivation of the allocation of new areas and the signing of contracts; the contractual minutes issued by the ANH, which gave new life to offshore investments; the call for a Commission of Experts for unconventional deposits, the reform of the General Royalty System, and the promotion of the Territorial Hydrocarbons Strategy to prevent and address social conflict.
Source: dataifx.com – National
Date: August 24
The Colombian Petroleum Association, ACP, stated that the oil and gas industry it represents expresses to the National Government and to Colombians, the sector's commitment to the country's economic reactivation, through foreign direct investment, fuel supply, generation of royalty resources, economic rights and taxes, and job opportunities and productive linkages in the operating regions. “Private companies in Colombia are ready to invest around US$715 million in 2020 as part of the resources that will be fundamental for the reactivation process. We know the potential that the country has in oil and natural gas, onshore, offshore, Unconventional Deposits (YNC), among others, which can be a source of income generation and economic dynamism at the national and regional level,” said Francisco José Lloreda Mera, Executive President of the ACP.
GREMIO
Source: El Tiempo
Date: August 25
Headline: Ecopetrol, daughter of oil workers. Institutional Information
The Unión Sindical Obrera recalls its trajectory of almost a century and emphasizes the importance of integrating the concepts of evolution and diversification in the hydrocarbon industry. Edwin Palma Egea, president of the National Board of Directors, speaks in this interview conducted by members of the USO about the significance of the movement in Colombia and his vision for the future of the state oil company. (…) But Ecopetrol is not just a company. Who makes it up? Since 2004, it has been becoming a business group, a multilatina, made up of companies like Reficar, the Cartagena Refinery; Hocol, which exploits oil as a contractor; Bioenergy, which extracts fuel from sugarcane; and Cénit, the crown jewel, which controls the network of pipelines and multipurpose pipelines and contributes a third of the group's profits. That is why we oppose its possible sale, which would dismantle and take away Ecopetrol's dominant position in the sector. (…) What do you think about the eventual approval of Cénit? Cénit owns the pipeline and multipurpose pipeline system, transports all the fuels in the country, and produces a third of Ecopetrol's profits.
Source: La República
Date: August 25
Headline: Andi proposes a loan from the Central Bank to the Government.
In light of a possible contraction of the Colombian economy of 7% as a consequence of the pandemic and the probable loss of investment grade according to Fitch, business leaders announced the roadmap intended to reactivate the country and regain the growth path. (…) Ecopetrol had to modify its investment plan. The president of Ecopetrol, Felipe Bayón, said during his speech that, in addition to the pandemic, there was also a historic drop in oil prices, which is why they adjusted the level of investment and spending. For the next three years, the company plans to invest between US$11,000 and US$13,000 million, of which 80% will be executed in national territory.
Source: La República
Date: August 25
Headline: Ecopetrol contracted $1.8 trillion in suppliers.
Ecopetrol, led by Felipe Bayón, detailed that of the $1.8 trillion contracted with local suppliers between January and July 2020, $806,000 million corresponds to services in the areas where the oil company has a presence in Colombia and $1 trillion in sales of goods and services made by local suppliers to other regions, which the company called ‘local export.’.
Source: La República
Date: August 25
Headline: Avianca and Reficar were the leaders in sales in 2019.
According to the latest report from the Superintendence of Companies, which published the list of the 1,000 largest companies in Colombia, the Caribbean has 86 in the ranking. In total, these companies reported revenues of $90.55 trillion, a figure that equals 8.5% of the GDP recorded by the country last year. (…) As in the list of figures from 2018, Avianca, Reficar, Cementos Argos, Olímpica, and Promigas were the companies that led in revenues in the Caribbean Region. (…) In Reficar, revenues decreased slightly (-0.43%), as they fell from $12.92 trillion in 2018 to $12.86 trillion last year. Their net profits were $55.834 million.
Source: Vanguardia Liberal
Date: August 25
Headline: Ecopetrol contracted with local suppliers more than $650,000 million.
Despite the problems that the pandemic brought to the global economy, in which the petrochemical industry was greatly affected, Ecopetrol presented a positive balance in terms of contracting in the first seven months of the year in the Central Regional. According to the oil company, during the first seven months of 2020, contracts for goods and services worth $675,000 million were generated with suppliers from the Central Regional made up of 8 departments, including Santander.
Source: prensalibrecasanare.com
Date: August 25
Headline: Protests against Ecopetrol are announced this Wednesday in Yopal.
For this Wednesday, August 26, the community of the El Morro district in Yopal announced a peaceful demonstration against Ecopetrol, under the premise of seeking contracting opportunities for goods and services for the inhabitants of the area of influence. The mobilization, according to the organizers, will be through the main streets of Yopal and the Marginal del Llano road, with approximately 200 vehicles, equipment, and machinery from the district. The protest will start at 6:00 in the morning from the La Vega point, until reaching the offices of the Ecopetrol company, the Casanare Governor's Office, and the Yopal Mayor's Office.
Source: pacocol.org
Date: August 25
Headline: Dialogue called to resolve oil conflict in Meta
For Tuesday, August 25, starting at 8 in the morning, the first virtual dialogue meeting has been called at the initiative of the Governor's Office of Meta, in which several ministries, Ecopetrol Management, Mayors, and the representation of the USO union by oil workers will participate. The dialogue will seek solutions to the conflict presented in the activities in the Llanos region due to the unjust dismissal of workers amid the pandemic, against the privatization of Ecopetrol, and other issues. (…) It is worth noting that the protests that oil workers have been carrying out for several days have gained the support of the communities in the municipalities of Acacías, Guamal, Castilla La Nueva, Villavicencio, and Pompeya, where their inhabitants also demand greater social investment, social guarantees, and progress.
Source: lareporteria.com
Date: August 25
Headline: Yopal official reports attempted impersonation to obtain personal data
Through her Facebook profile, the director of the Institute of Culture and Tourism of Yopal, Sofía Rodríguez Múnera, warned her friends and acquaintances that someone is using her social media photographs (which are public) to impersonate her and request personal data. (…) This is not the first time that such scams or impersonations have been reported in Casanare, especially by companies; as they have used the names of several organizations, such as Ecopetrol, Invías, Camel, among others, to offer false job opportunities and demand money in return, so the community is urged to be cautious.
Topics
Source: La República
Date: August 25
Headline: Promigas' profit grew 61% in the semester
Promigas, led by Eric Flesch, presented the results of the first semester in which they reveal a profit growth of 61%, reaching S423,809 million. Likewise, it obtained a cumulative Ebitda of 1,500,337 million, which represented an increase of 141%. As a consequence of the pandemic, the company reported a contraction of 11% in Ebitda and 31% in net profit.
Source: El Nuevo Siglo
Date: August 25
Headline: Defunding
Senator Emma Claudia Castellanos, from Cambio Radical, recalled that the “defunding of the peace agreements is not a surprise. I warned about it in 2017 when we did not have the current drop in oil prices and the pandemic. From the Third Commission, I will contribute so that the Government and the opposition can reach agreements in the Budget for the development and peace of Colombia.”.
Source: El Nuevo Siglo
Date: August 25
Headline: Royalties
For Senator José David Name, from La U, “Congress has the challenge and commitment to reorganize the current General System of Royalties, which needs many corrections, and to change it for a more efficient and decentralized redistribution mechanism that truly responds to current needs.”.
Source: El Colombiano
Date: August 25
Headline: 1,8 %
The value of Brent oil has increased. It closed at US$45.13 per barrel: AFP.
Institutions
Source: El Nuevo Siglo
Date: August 25
Headline: Regarding the royalties law. By: Amylkar Acosta*
The bill regulating Legislative Act 05 of 2019, amending Legislative Act 05 of 2011, which reformed the royalties regime, is currently in Congress. This project should have been presented by March 30 at the latest, as stipulated by the Legislative Act itself, but it was only done on August 5; for its part, Congress has until August 30 for its approval, otherwise the Executive would be authorized to issue it by Legislative Decree. (…) Indeed, they will go from receiving 10% to 20% and municipalities will additionally receive 5%. But for there to be “more money for producers and for non-producers as well,” as former Minister of Mines and Energy María Fernanda Suárez said, resources from the Savings and Stabilization Fund (FAE) are being used.
Colombian Association of Oil and Gas