Colombia will export an additional 40,000 barrels to the United States

The crisis between Ukraine and Russia has caused oil prices to rise to extremely high levels. Amidst the Joe Biden government’s decision not to buy more oil from Russia, Colombia will increase its sales to the United States by 40 thousand barrels.

It is estimated that the United States needs about 200,000 barrels of crude oil from other countries to cover its needs.

“There is a great potential to increase nearly 80,000 barrels of oil per day in 12 months, and half of that surplus could be exported to the United States.said Diego Mesa, Minister of Mines and Energy.

The plan states that companies speed up investment in the 69 packages that were awarded in this government. However, it is not excluded that in the midst of the permanent process of zone allocation, the state may complete 100 contracts were signed at the end of the year.

geopolitical context as well Interest in Colombian coal has risen dramatically. The country sold back to Ireland (which had been buying from Russia for five years) and in addition the country received calls from countries such as Poland and from a number of Eastern European countries through the World Bank.

“We’re about to go round the coals because we have two territories ready to separate: the titles brought back by Glencore.‘ the minister indicated.

These titles correspond to the exploitation of exposed coal in La Guagua, which already has an environmental license. The government will open the operation this month and hopes to grant it before August 7.

Recently, the Ministry of Mines and Energy, along with the Ministry of Transport, signed a Memorandum of Understanding with the Port of Rotterdam to establish a low-carbon hydrogen export corridor between Colombia and the Kingdom of the Netherlands.

The President of the Republic, accompanied by the Minister of Mines and Energy, Diego Mesa, inaugurated the first two pilot projects for low-emission hydrogen in Colombia.

From Cartagena, the national government escorted the start-up of the electrolyzer Ecopetrol in Reficarwhich has a power of 53.2 kW and will allow testing the potential use of water in the processes and stability in the production of this technology.

After that, officials also inaugurated the project An exploratory pilot for the production and blending of green hydrogen With natural gas in the transmission and distribution networks, located at the Promigas Heroica station.

“In September last year we introduced zero- and low-emission hydrogen sheets, and only six months later we have already started operating the country’s first green hydrogen pilot projects. Our goal is to develop between 2 and 3 gigawatts of electrolysis to produce hydrogen with zero and low emissions in the next 10 years.Misa said.

It is estimated that hydrogen development will allow Colombia to reduce between 2.5 million tons of carbon dioxide in the next decade, contributing to COP21’s goals for achieving carbon neutrality in 2050.

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