The Colombian government is analyzing several options to generate extra cash in 2019. Alberto Carrasquilla, Minister of Finance (MinHacienda), is preparing a decree to leverage the good financial moment of the oil sector and increase Colombian fiscal resources.
The National Agency of Environmental Licenses (ANLA) said that investors from Chile, Turkey and India, among other countries, are interested in learning about Colombia’s licensing system.
During a first debate, the House of Representatives’ First Commission approved the project to modify the General System of Royalties (SGR). These and other stories in our periodic Royalties summary.
Ecopetrol (NYSE: EC) has managed to report good financial results during this year, taking advantage of current oil prices. This situation has left the company in a favorable position to increase investments. Felipe Bayón, CEO of ECP, spoke about the company’s investment plans.
Bogota announced the renewal of the bus fleet for Transmilenio, but this decision was not well-received in some sectors.
Francisco Lloreda, President of the Colombian Petroleum Association (ACP), wrote an Op-Ed about fracking.
A terrorist attack on Coveñas Caño Limón (CCL) in the Blanquita village, municipality of Cubará (Boyacá), led to an environmental emergency. The development of these and more stories in our periodic Eco summary.
Gran Tierra Energy Inc. (TSX: GTE) announced its financial and operating results for the quarter ended September 30, 2018. The company reported a record average quarterly Colombia production and the firm continues to demonstrate strong financial performance.
Ecopetrol’s (NYSE:EC) Vice president of Production and Development, Héctor Manosalva, spoke about the fracking pilot project that was recently announced by CEO Felipe Bayón.
The oil sector continues to face legal and social uncertainty in Colombia. A ‘judicial battle’ between Ecopetrol (NYSE: EC) and people of Tauramena started several years ago due to the result of an anti-oil referendum, and it seems like this process continues, despite a recent court decision in favor of the NOC.
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