Colombia projects exploration concessions begin operations early 2000

May 12, 1999 02:00 AM

New oil exploration licenses in Colombia should begin operations early 2000 after the government handed down changes to oil royalty payments and state company Ecopetrol said it would reduce its stake in oil associations, Colombian Petroleum Association (ACP) president Alejandro Martinez said.
The ACP is confident that the recent modifications to oil policies should lure foreign and local private companies to increase exploration activities in Colombia.
Colombia's current proven oil reserves would only cover domestic demand until the year 2007, after which the country would begin to import crude and derivatives.
The ACP groups most of the private oil operators in Colombia.

Source: BNA via Iinoil
Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« June 2019 »
June
MoTuWeThFrSaSu
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

Register to announce Your Event

View All Events