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Security Summary for week ending December 15, 2012

Security Summary for week ending December 15, 2012

Incidents were down considerably this week – everyone must be getting ready for the holiday. We calculate a 4-week moving average to smooth out weekly variations and although that rose significantly in the run-up to the first round of peace talks, it dropped almost as rapidly to settle at about 40 incidents per week. This value has held for the last five weeks and appears to be the “new normal”. There was a secondary peak just as this round of talks started and but since then counts have dropped for four straight weeks.

Sunday, December 16th, 2012
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Union leader assassinated, MinMinas prediction, Diesel, Putumayo development Inner Circle Summary for Dec 16

On Tuesday December 11 union leader Milton Enrique Rivas was killed in Puerto Gaitán (Meta). Rivas worked for Termotécnica, embroiled in a dispute with the Petroleum Workers Union (USO), and was killed a few meters from the company’s offices.

Sunday, December 16th, 2012
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HOLIDAY MESSAGE TO OUR READERS

Message to SubscribersThe ANH and MinMinas have both had their final “rendering of accounts”. Congress is winding down and barely has enough energy to deal with tax reform which the government desperately wants to get done.

Thursday, December 13th, 2012
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The Thick and Thin of Colombian Oil

The Thick and Thin of Colombian Oil

The popular press likes to report on the movement of WTI and Brent as benchmarks for Colombia crude prices. In the worst cases, they only report WTI often calling it “the price of oil”. The reality is that Colombian crude spans a number of grades and qualities based on viscosity and sulfur content. The global benchmarks are relevant but quality and transportation cost against such benchmarks are what determines price. The graph shows the distribution of API (viscosity) by volume as measured by the Ministry of Mines and Energy.

Thursday, December 13th, 2012
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MinMinas predicts year-end production figures

Caracol Radio reports that in the sector’s “Rendering of Accounts”, Minminas Federico Renjifo referred to 2012’s oil production delays. According to Renjifo: “Although there have been days we’ve been above 980,000 barrels and production for over a million barrels is achievable, sometimes we have had problems in pipelines, we have had licensing issues, but the number of barrels produced surpass 980,000 barrels on some days”.

Thursday, December 13th, 2012
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OECD visits MinAmbiente

OECD visits MinAmbiente

The OECD will be in Bogotá this week to study Colombia’s environmental policy. The investigation is part of a larger study to identify best practices but the government is taking it as a way of validating its current strategy and showing off to the world its implementation. MinAmbiente also plans to make a major gesture in environmental management of the sensitive and emblematic Amazon region by expanding the Chiribiquete Park. From a MinAmbiente press release, translated and with commentary by Hydrocarbons Colombia.

Wednesday, December 12th, 2012
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Over half million new gas customers this year

According to a MinMinas press release, natural gas service this year reached 550,000 new users and electricity subsidies for economic stata 1, 2 and 3 will total CoP$ 2.3B (US$1.3B). This was announced on Monday by MinMinas, Federico Renjifo, as part of the mining and energy sector Accountability Public Hearing.

Wednesday, December 12th, 2012
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Sustainable Communities and Petroleum

We recently attended a lively and interesting session on this topic, organized by national news magazine Semana and sponsored by the National Hydrocarbons Agency (ANH).

Wednesday, December 12th, 2012
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Sustainable Communities and Petroleum – Event Summary

We recently attended a lively and interesting session on this topic, organized by national news magazine Semana and sponsored by the National Hydrocarbons Agency (ANH). There was much lively debate on the royalties issue and much agreement about the need for Corporate Social Responsibility. But we were left with the impression of Bogotá elites talking to Bogotá elites. There was little scope for the communities themselves to contribute.

Wednesday, December 12th, 2012
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FAC Commander reveals that FARC missiles are old and lack maintenance

The Colombian Armed Forces recently encountered an antiaircraft battery belonging to the Farc. However the Air Force commander assures that the equipment is old and unlikely to function well. We did not know the Farc had antiaircraft batteries old or otherwise. From a MinDefensa press release with commentary by Hydrocarbons Colombia.

Tuesday, December 11th, 2012
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