MPC Capital AG has raising $100 million in a private placement in anticipation of its listing on Oslo Stock Exchange’s Euronext Growth segment. On the company website, it lists 5 projects under development in Colombia, plus one each in El Salvador and Jamaica that will begin energy production at the end of 2022.
Colombia aims to sign 15 oil exploration contracts in 2021, Mines and Energy Minister Diego Mesa said on Wednesday, while setting the country's crude production target for the year at 865,000 barrels of oil per day. Colombia's oil output slowed in 2020 amid declining demand, high supply and low prices during the coronavirus pandemic.
Enel-Condensa plans to invest Col$224 billion ($61.98 million) in 2021. Of that amount, Col$110 billion ($30.44 million) will be allocated to the Bogotá-Region 2030 expansion plan and Col$114 billion ($31.54 million) to other projects. Earlier this year, the company inaugurated Portugal, the first 100% digital substation in Colombia, which required an investment of Col$25 billion ($6.92 million).
Colombia will restrict flights to and from Brazil for a month to prevent the spread of a new strain of the coronavirus circulating there, President Ivan Duque said. Monitoring at the border between Brazil, Latin America’s largest country, and Colombia will also be increased, the president said.
A reduction in revenue collection and higher spending due to the effects of the COVID-19 pandemic are pushing the Central Government's fiscal deficit for this year to Col$90 trillion ($24.90 billion), which would represent 8.3% of GDP, according to a report by Corficolombiana.
Kimberly-Clark announced that it will invest more than $80 million over the next three years to strengthen its production capacity in Colombia. The investment will be allocated to the company's production plants in Puerto Tejada (Cauca), Tocancipá (Cundinamarca) and Barbosa (Antioquia).