ACP as a source of information
Source: eleconomistaamerica.co– National
Date: May 21
Headline: Colombian government studies unprecedented increases in pipeline tariffs
Zamora stated that a tariff intervention would be legitimate, but warned that it would face resistance. «There will be repercussions,» he noted. «The government is preparing for litigation.» The Government of Colombia could carry out an unprecedented intervention in pipeline tariffs, which private producers have criticized as being too high, said the president of the National Hydrocarbons Agency (ANH) on Wednesday. Private oil companies in the country have been greatly affected by falling prices amid a global crisis caused by the spread of the coronavirus. The Colombian Petroleum Association (ACP) recently complained about the excessive transportation tariffs for pipelines, which are controlled by Cenit, a subsidiary of the state-owned company Ecopetrol.
Source: Forbes.co– National
Date: May 21
Headline: Colombia considers unprecedented intervention in pipeline tariffs
This was stated by Armando Zamora, president of the National Hydrocarbons Agency. The Government of Colombia could carry out an unprecedented intervention in pipeline tariffs, which private producers have criticized as being too high, said the president of the National Hydrocarbons Agency (ANH) on Wednesday. (…) The Colombian Petroleum Association (ACP) recently complained about the excessive transportation tariffs for pipelines, which are controlled by Cenit, a subsidiary of the state-owned company Ecopetrol. (…) The ACP rejected in April an offer to finance transportation costs for pipelines and stated that it would only lead to higher costs later on. Cenit offered producers to pay half of the tariff during May and June, a grace period during July and August, and to start paying the other half from September.
Source: libreinformacion.com – National
Date: May 21
Headline: Colombia considers unprecedented intervention in pipeline tariffs
This was stated by Armando Zamora, president of the National Hydrocarbons Agency. The Government of Colombia could carry out an unprecedented intervention in pipeline tariffs, which private producers have criticized as being too high, said the president of the National Hydrocarbons Agency (ANH) on Wednesday. (…) The Colombian Petroleum Association (ACP) recently complained about the excessive transportation tariffs for pipelines, which are controlled by Cenit, a subsidiary of the state-owned company Ecopetrol. (…) The ACP rejected in April an offer to finance transportation costs for pipelines and stated that it would only lead to higher costs later on. Cenit offered producers to pay half of the tariff during May and June, a grace period during July and August, and to start paying the other half from September.
Source: investing.com – National
Date: May 21
Headline: Colombia considers an unprecedented intervention in pipeline tariffs
The Government of Colombia could carry out an unprecedented intervention in pipeline tariffs, which private producers have criticized for being too high, said the president of the National Hydrocarbons Agency (ANH) on Wednesday. (…) The Colombian Petroleum Association (ACP) recently complained about the excessive transportation tariffs for pipelines, which are controlled by Cenit, a subsidiary of the state-owned company Ecopetrol. (…) Zamora assured that a tariff intervention would be legitimate, but warned that it would face resistance. «There will be repercussions,» he noted. «The government is preparing for litigation.» Although Zamora did not specify who might take legal action, a spokesperson for the ANH said that operators who had entered into contracts with Cenit have considered the possibility of filing lawsuits.
Source: infobae.com – National
Date: May 21
Headline: Colombia considers unprecedented intervention in pipeline tariffs, expects litigation
The Government of Colombia could carry out an unprecedented intervention in pipeline tariffs, which private producers have criticized for being too high, said the president of the National Hydrocarbons Agency (ANH) on Wednesday. (…) The Colombian Petroleum Association (ACP) recently complained about the excessive transportation tariffs for pipelines, which are controlled by Cenit, a subsidiary of the state-owned company Ecopetrol. (…) Zamora assured that a tariff intervention would be legitimate, but warned that it would face resistance. «There will be repercussions,» he noted. «The government is preparing for litigation.» Although Zamora did not specify who might take legal action, a spokesperson for the ANH said that operators who had entered into contracts with Cenit have considered the possibility of filing lawsuits.
Source: eleconomistaamerica.co – National
Date: May 20
Headline: Colombia considers unprecedented intervention in pipeline tariffs
The Government of Colombia could carry out an unprecedented intervention in pipeline tariffs, which private producers have criticized for being too high, said the president of the National Hydrocarbons Agency (ANH) on Wednesday. (…) The Colombian Petroleum Association (ACP) recently complained about the excessive transportation tariffs for pipelines, which are controlled by Cenit, a subsidiary of the state-owned company Ecopetrol. (…) Zamora assured that a tariff intervention would be legitimate, but warned that it would face resistance. «There will be repercussions,» he noted. «The government is preparing for litigation.» Although Zamora did not specify who might take legal action, a spokesperson for the ANH said that operators who had entered into contracts with Cenit have considered the possibility of filing lawsuits.
GREMIO
Source: La República
Date: May 21
Headline: Ecopetrol will make a donation to the health system
The president of Ecopetrol, Felipe Bayón, announced that the state-owned company and its subsidiary Cenit, dedicated to the transportation of hydrocarbons, will allocate $2.467 million to humanitarian and hospital aid for the southwest of the country, in order to mitigate the impacts of covid-19. This includes the provision of personal protective equipment and strengthening the health system of the Putumayo department.
Source: La República
Date: May 21
Headline: There are $2.000 million in gas projects at stake
Covid-19 and the price situation are not the only reasons putting investments in the mining-energy industry at risk. A recent report from Naturgas revealed that prior consultations, environmental licensing, and delays in project structuring are factors that have added up and put at least 10 projects on hold, which total US$2.000 million, and would help reactivate the sector. (…) The Pacific Regasification Terminal is perhaps the project with the most expectation for 2020. After its bidding was postponed, and some obstacles arose in that process, the Minister of Mines and Energy, María Fernanda Suárez, confirmed in March that it could be bid in the second half of the year. In fact, she highlighted that this terminal was necessary given the possibility that gas imports would increase starting in 2024. (…) The gas projects that are at risk. Other projects: – Jobo-Medellín Line – Continental gas projects managed by Canacol and Hocol.
Source: La República
Date: May 21
Headline: The sound of angels falling. By: Armando J. Armenta
Important political leaders and economists have recommended not to be swayed by either “timidities” or “orthodoxies” at this time. However, it would be a mistake to throw overboard the pillars of economic stability achieved in the last thirty years. (…) Ecopetrol, public utility service providers, public-private partnership projects, as well as companies belonging to the financial sector that currently have access to the international debt market, would also see their credit rating affected, losing their investment grade along with the government.
Source: El Nuevo Siglo
Date: May 21
Headline: National. Support
Hocol, a subsidiary of the Ecopetrol Group, dedicated to the exploration and exploitation of hydrocarbons, will implement the project for the acquisition and delivery of school furniture for 116 educational centers, which will benefit 6,347 students from preschool, primary, and high school, of which 28% belong to indigenous communities.
Source: El Colombiano
Date: May 21
Headline: Warning about the rise in asphalt prices
The Colombian Chamber of Infrastructure (CCI) expressed concern in the civil works sector due to the 15 % increase in the price of asphalt, stipulated by Ecopetrol since last March 1st. It described the situation as inconvenient, which will generate a negative impact on the reactivation of works.
Source: Vanguardia Liberal
Date: May 21
Headline: COVID-19 ruled out in the home delivery sector
After the first 48 hours of COVID-19 sampling in the communes of Barrancabermeja, the authorities explained that they have reached almost a hundred homes, while ruling out that there is a positive case in the home delivery sector, as stated by the Governor of Santander last Tuesday. (…) “We have been monitoring the results from the National Institute of Health and the Ecopetrol laboratory, and we must say that Barrancabermeja still has the same seven cases we had since the weekend. These cases are isolated and do not belong to the home delivery sector. We continue with the work of active community search,” said the official.
Source: Vanguardia Liberal
Date: May 21
Headline: Reject blockades
Ecopetrol rejected the blockades being carried out by the community of El Llanito, which “prevent the shift change and the entry of food for the workers who are working in the oil production field.” The state-owned company added that «in this area, Ecopetrol operates three production stations and a gas compressor that supplies this fuel to the residents of the area, whose operation requires the presence of trained personnel.”.
Source: La Opinión
Date: May 21
Headline: Ecopetrol launches payment plan for suppliers
Ecopetrol has launched a plan to alleviate the situation of 1,508 suppliers of goods and services, including micro, small, and medium-sized enterprises that work with the oil company in different regions of the country. This is the ‘early payment’ advance, without discount, for about $60,000 million per month, which will allow companies to continue their economic activities, leverage their cash flow, maintain employment, and mitigate the impact of the COVID-19 pandemic. (…) The plan will also be implemented for suppliers in Arauca, Meta, Vichada, Casanare, and Putumayo.
Source: El Meridiano de Córdoba
Date: May 21
Headline: 60 billion
Ecopetrol will make a «prompt payment» of 60 billion pesos monthly to 1,508 suppliers of goods and services of the company. This will allow them to preserve their economic activities, leverage their cash flow, maintain employment, and mitigate the impact of the pandemic caused by Covid-19.
Source: BLU Radio
Date: May 21
Topics
Source: La República
Date: May 21
Headline: The profit of Grupo Aval decreased by 8.21% in the first quarter.
Between January and March of this year, Grupo Aval obtained a profit of 1,700.200 million, which represented a decrease of 8.21% compared to the same period last year and a drop of 2.101% compared to the profits obtained in the last quarter of 2019. Regarding these results, Luis Carlos Sarmiento Gutiérrez, president of Grupo Aval, noted that after strong growth in January and February, March saw a slowdown mainly associated with the globalization of covid-19 and the oil price war between Russia and Saudi Arabia.
Source: La República
Date: May 21
Headline: Despite the expansion of isolation, the dollar continues to decline and reached 3,804.
The price of the dollar continues to decline and, despite the extension of the mandatory confinement until May 31, recorded a reduction of 20.20 and was quoted on average at 3,804.10. Even in the previous session, the currency fell below 3,800 and reached a minimum value of 3,792.30. (…) Finally, Carlo Alberto de Casa, chief analyst at ActivTrades, added that the stabilization and recovery in oil prices in recent days due to the strengthening of demand, which keeps Brent crude (reference for the Colombian market) above US34 and WTI above US32, also favored the current situation of the Colombian peso.
Source: Portafolio
Date: May 21
Headline: Fiscal accounts will be based on crude oil between US25 and US45.
The volatility in international oil prices and the pandemic caused by covid-19, which led to a drop in crude demand and at the same time an oversupply worldwide, led the Banco de la República to rethink the projection for fuel pricing for 2020. The volatility in international oil prices and the pandemic caused by covid-19, which led to a drop in crude demand and at the same time an oversupply worldwide, led the Banco de la República to rethink the projection for fuel pricing for 2020.
Source: Portafolio
Date: May 21
Headline: The other pandemic. By: Horacio Olaya
In the midst of the pandemic that burdens the world, more indigenous leaders and social defenders are being systematically murdered in Colombia. These events have become frequent in recent times, although accelerated since the peace process. (…) The task of the government and those who succeed it will not be easy. In Colombia, it is evident that prior to the pandemic there were financial difficulties reflected in the indices and projections, the untimely reduction of taxes, unemployment, external debt, trade deficit, and low oil prices, among others.
Institutional
Source: laopinion.com.co
Date: May 20
Headline: Irregularities in the use of royalties amounting to more than $3.3000 million are reported
Overcosts in contracts exceeding $33.000 million, including $2.300 million in works for the 2019 National Sports Games in Bolívar; budget additions without reason; outdated Secop reports and authorizations from Ocad and National Planning without follow-up on contractors who have defaulted, were some of the irregularities reported in Congress regarding the contracting authorized with resources from national royalties. In this sense, a political control debate was held this Wednesday in Commission V of the House of Representatives, attended by the Planning Department and the Ministry of Mines, as well as the control bodies.
Source: lapatria.com
Date: May 20
Headline: House arrest for receiving hydrocarbons
Charges for receiving were brought by the Prosecutor's Office against three individuals, before the First Promiscuous Court of Filadelfia. The judge granted them house arrest. They were captured by the National Police during registration and control operations on Saturday, in the Aguas Claras – Pescador sector of Villamaría, when they apparently stopped a vehicle in which the three defendants were traveling and upon checking the rear, found 33 barrels of ACPM. They were taken to the Chinchiná police station, six random tests of the liquid were taken, and it was found that they were below the marking percentage regulated by Ecopetrol for marketed hydrocarbons, according to the decrees of the Ministry of Mines.
Source: rcnradio.com
Date: May 20
Headline: Tumaco will supply gasoline for 30 municipalities in Nariño
The Ministry of Mines and Energy approved the new supply plan. With the aim of providing mobility guarantees in border areas and remote zones from large cities, decree 31323 was signed in May 2020, where the Ministry of Mines and Energy approved the new supply plan for gasoline and diesel fuels for the department of Nariño. This entire process to meet the demand of 30 municipalities in the department will be done from the port of Tumaco. Currently, people passing through this area buy fuel at Yumbo plants, which generated expenses for the State and is unproductive in logistical terms.
Colombian Association of Oil and Gas