Hydrocarbons
Tax agency dismantles major vat fraud scheme in hydrocarbons
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The Spanish Tax Agency has dismantled a criminal network that defrauded over 300 million euros in VAT from the hydrocarbons sector using 38 shell companies. Operation 'Pamplinas Stars' involved 18 searches and five arrests for crimes against public finances, organized crime, and money laundering. Authorities seized high-value assets, including properties, vehicles, and precious metals.
Colombia's National Hydrocarbons Agency (ANH) reported average oil production of 740.812 barrels per day (Bppd) in the first quarter of 2026. In March, it rose to 740.497 Bppd, up 5.573 Bppd from February. The gain stemmed mainly from recovery in the Meta field after resolving social blockades.
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Petróleos Mexicanos (Pemex) installed the Petroleum Advisory Commission on Thursday, appointing engineer Cuauhtémoc Cárdenas as its honorary president. Announced on March 18, the commission aims to strengthen strategic analysis and long-term planning in the hydrocarbons industry. Pemex CEO Víctor Rodríguez Padilla will serve as its technical president.