On Tuesday, the Colombian government announced
the latest figures on Colombian coal production for the first half of 2015. According
to the National Mining Agency, coal production in the country dropped by 3.5%
to 46.6 tons.
The Agency blamed the restriction on night operations of the
coal transportation train in the northern part of the country. The report
further specified that production was particularly hard hit in the first
quarter of the year, and dropped only slightly during the second quarter.
In oil news, Energía16
provided a detailed overview of the challenges facing the Colombian oil
industry. The article went beyond the immediate problems of dwindling reserves
and low prices, and blamed Colombia’s crippling taxes on oil profits for the country’s
inability to attract new investment for the Colombian oil industry.
Nonetheless, Energía16 warned that Colombia is overly dependent on these taxes,
which will make it difficult to lower taxes to the necessary level to attract
new investment.
In other oil-related news, El
Espectador reported on a new oil drilling technology that has dramatically
improved the profitability and efficiency of oil extraction from shale
formations. The article implied that this technology could be brought to
Colombia to inject new life and energy into the country’s beleaguered oil
industry.
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