News and AnalysIs for

The Extractive Industry Transparency Initiative (EITI) confirmed that Colombia is the first country in the continent to reach the ‘satisfactory progress’ category.

The National Administrative Department of Statistics (DANE) reported the value of Colombian exports in May. This increased compared to the same period last year and the extractive sector played a key role in this behavior.

The outlook for the Oil Saving and Stabilization Fund (FAEP) and the Fuel Price Stabilization Fund (FEPC) in the short and medium term is not encouraging, according to projections by the Ministry of Finance (MinHacienda).

Oil companies have to face many challenges to operate in Colombia, while other countries in the region open their doors with attractive conditions and it seems like Mexico is attracting the interest of several companies operating in Colombia.

The National Army and the Police spoke about successful operations against FARC dissidents and ELN members in Arauca, Casanare and Nariño. The development of these and other stories in our periodic Security summary.

The Colombian government created the ‘Green Growth Mission’ to create sustainable development. Brice Lalonde, Ex-Minister of the Environment in France and Executive Coordinator of the United Nations Conference on Sustainable Development, spoke about the country’s challenges in this area.

According to the guerrilla, the government has not been able to make commitments that would assure a bilateral ceasefire.

Ecopetrol (NYSE: EC) announced changes in the operator of the Dina Gas Treatment Plant (PTGD), located in the department of Huila. The company highlighted several benefits in environmental terms.

Former Minister of Mines and Energy (MinMinas), Luis Gilberto Murillo, spoke about what MinMinas and other environmental entities have asked Ecopetrol (NYSE:EC) to do to meet safety standards. The development of these and more stories in our periodic Eco summary.

There is always something to be worked on to improve the sector’s performance. The issue of transportation costs has come up again so we thought we would reprint this chart from a few months ago.