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The Network of Municipalities in Mining Environments (Remem) made a proposal to leverage royalties’ resources. The Colombian Federation of Municipalities (FCM) supports these initiatives.

Ecopetrol (NYSE:EC) and Equion spoke about the development of successful programs in departments like Casanare and Putumayo, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

The government of Juan Manuel Santos is ending and the Ministry of Mines and Energy (MinMinas) delivered a report on the energy sector’s performance in the last eight years. Germán Arce Zapata, MinMinas, presented the results at an event in the municipality of Guapí, Cauca.

In recent years, the Coveñas Caño Limón pipeline has been the main target of illegal groups, especially the ELN. This year this important facility has suffered several attacks, affecting its normal operations and Ecopetrol (NYSE: EC) is working to repair the damage.

Once again, the Colombian Association of Petroleum Engineers (Acipet) spoke out, setting the record straight on oil activities, this time in Boyacá.

EITI Colombia chose the municipality of Muzo (Boyacá) to host an accountability session, highlighting positive results.

Oil prices have increased in recent months, improving the sector’s prospects and probably the Colombian State’s income in the coming years. However, this behavior has also had some impacts on the country’s economy, especially in gasoline prices and other key metrics. Colombia’s Central Bank (Banrep) talked about this.

Current oil prices have generated many expectations in the oil sector to recover the ground lost during the last years. Companies have announced several investments and Ecopetrol (NYSE: EC) has big plans in this area.

Entrepreneurs and politicians from the Caribbean coast, such as Joseph Daccarett and César Lorduy, criticized Resolution 40646 of the Ministry of Mines and Energy (MinMinas) regarding last week’s emergency in Cusiana and Capiagua. However, the problem has been resolved.

The union spoke about the importance of generating employment in industries other than the energy and mining, since these supposedly do not create formal employment.