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July 23, 2025
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Colombia Signs Confidentiality Agreement for Monomeria Information Exchange

Colombia Signs Confidentiality Agreement for Monomeria Information Exchange

In the middle of the agenda of the CELAC Energy Ministers Summitin which main challenges in the field of electrical integration, safety and energy transition in the region are addressed, the Minister of Mines and Energy, Edwin Palmaannounced that the National Government signed a confidentiality agreement with Venezuela For information exchange that facilitates the study on the possible acquisition of the company Monomersbased in Barranquilla.

The head of the Energy portfolio reiterated Colombia’s interest in specifying the negotiation between the two governments For monomers to become the property of the country. An important company for food sovereignty and security.

The confidentiality agreement has the purpose of cross financial data, projections, industrial reserves and salesamong other aspects, with which an analysis can be done on the real state of monomers and draw an acquisition methodology to deliver the options to the President Gustavo Petroit will be the head of state who makes the determination.

(You can read: Petro defends his management in Congress: ‘Agriculture grew and inflation fell’).

Here was the president of the Executive Board of Monomers, who in turn is the president of Pequiven, who is the majority owner of monomers, and we have signed a confidentiality agreement to exchange operations, information that allows us to review the viability, analyze the costs and state of the company, to review the possibility of, as we have indicated publicly, to be able to acquire this company that would be indispensable for the food security of our countries“Edwin Palma said.

Reception of urea in Barranquilla.

Monomers

On the table, it was stated that the initial intention of the Colombian government was to buy monomers through Ecopetrol: “It will be the president who in the end makes the political decision. But it is important to note that today the Government of Venezuela has also expressed its political will to want“I add Palma.

(You can read: Panama prepares new electrical tenders schedule).

Likewise, the official said that a diplomatic effort is being made with USA And that from Colombia the corresponding one is advanced to establish a licensing scheme, therefore, called on the government of that country to understand the need to have fertilizers and food at accessible prices for the Colombian population.

According to Palma, in the conversation with Venezuela, the Ministries of Agriculture and Finance, the Superintendence of Societies and the National Planning Department (DNP).

The meeting with Nicolás Maduro and other countries

At the beginning of July, the Minister of Mines and Energy made an official visit to the neighboring country where he met with President Nicolás Maduro and members of his governmentto talk about the property of monomers and other issues regarding binational electrical interconnection.

The Ministry of Mines and Energy also signed an agreement for the exchange of experiences and information in energy areas with the government of Ecuador. In the same way, an agreement of intention was signed for the strengthening of cooperation in the energy sector with Panama.

(We recommend: Maduro states that Venezuela’s economy grew more than 6% in the second quarter).

Edwin Palma, Minister of Mines and Energy; and Román Manguilia, president of Pequiverb (monomer matril)

Edwin Palma, Minister of Mines and Energy; and Román Manguilia, president of Pequiverb (monomer matril)

Ministry of Mines and Energy

One with Ecuador and one with Panama, in order to continue exchanging experiences, to try to homologate our regulation, to continue cooperating in energy matters. Recall that last year, Ecuador lived blackouts, lived reasoning and who shake hands was Colombia. Hence the importance of having interconnected countries“Palma said.

We have arranged, again, the possibility of selling our energy surpluses, this year hydraulic energy, clean energy. With Panama, we are building that old yearning to connect the South with Central America and North America. This is a project that has been in this government for more than 15 years, and in this government it has advanced in an accelerated way and we hope to leave it at a point of no return before the government ends“He added.

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