The Colombian government implemented the “Works for Taxes” strategy to allow companies to pay taxes through projects in their areas of influence. Authorities announced the projects for this year and the committed investment.
Colombia’s ethanol industry has been competing with the American ethanol market, which unlike the national industry, has a subsidy that is now affecting local producers.
The Colombian peso has devaluated strongly against the dollar in recent months, causing concerns in some economic sectors. Juan José Echavarría, Manager of the Colombia’s Central Bank (Banrep), spoke on this subject.
The Association of International Petroleum Negotiators (AIPN) hosted the “Coordination with the Territory in the Extractive Sector: Analysis and Challenges” panel. HCC attended the event.
Ecopetrol’s (NYSE:EC) CEO, Felipe Bayón spoke to El Colombiano newspaper about the NOC’s ventures in conventional and unconventional projects. Here are the details.
The oil sector has proposed developing unconventional deposits through fracking as the main strategy to guarantee energy self-sufficiency in the medium and long term. The discussion about this alternative continued and people both for and against spoke about this option.
An anonymous reader reacted strongly to a recent article where the ANLA was talking about its operational improvements. Our reader’s point is that it is a waste of time and effort to look for operational improvements to a process that is fundamentally flawed to begin with. Here is the text of the email they wrote plus our Bottom-Line reaction.
Authorities just reported on oil and natural gas reserves, creating concerns in the sector. Here is what the Mining and Energy Planning Unit (UPME) has to say on the matter.
The Ministry of Mines and Energy (MinMinas) and the Colombian Petroleum Association (ACP), spoke about the importance of developing fracking in the country.
Authorities confirmed that the ELN attacked the Bicentenario and Coveñas / Caño Limon (CCL) pipelines, causing a halt in activities.
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