The Organization of Petroleum Exporting Countries (OPEC) reported on the oil sector in Latin America and Colombian results are not encouraging. The National Hydrocarbons Agency (ANH) disagrees with OPEC.
Jorge Humberto Botero, President of Fasecolda, proposed to sell the State’s participation in Ecopetrol (NYSE: EC), generating a controversy in the country in recent weeks. The National Association of Financial Institutions (Anif) and experts analyzed this proposal and its possible consequences.
Late yesterday afternoon, Parex (TSX:PXT) issued a press release announcing that the Board of Directors had decided to “initiate a formal process to explore, review and evaluate strategic repositioning alternatives with a view to enhancing shareholder value.”
Frontera Energy Corporation (TSX: FEC) announced updates to some of its transportation contracts in Colombia, generating huge savings for the company. However, this has generated a controversy because CENIT has announced actions against FEC.