As the polls predicted, the Centro Democrático’s candidate, Iván Duque, won the Colombian Presidential elections and will be sworn into office on August 7th. Investors breathed a collective sigh of relief. Had his opponent, Gustavo Petro, won, uncertainty would have increased considerably.
Ecopetrol (NYSE: EC) reported in new oil spill in Colombia, this time the Magdalena river is affected. The NOC announced the activation of a contingency plan to deal with this situation.
The National Hydrocarbons Agency (ANH) announced a new regulatory framework that would make Colombia’s oil contracts one of the most competitive in the region.
The Works for Taxes program is one of the most interesting ideas by the Colombian Government that we have seen in a long time. This program began with several projects and a large budget approved by the Superior Council of Fiscal Policy (CONFIS).
The Colombian Association of Petroleum Engineers (Acipet) spoke about its concern regarding the treatment that some of Ecopetrol (NYSE: EC) engineers received after the incident in La Lizama.
It has been many months since we updated our chart of showing the discount of Vasconia blend to Brent. Vasconia is the country’s most emblematic crude.
The country’s Green Growth Commission, headed by economist Hernando José Gómez, announced its goals to achieve a ‘green economy’ in 2030.
Colombia will elect a new president among the candidates Iván Duque and Gustavo Petro next Sunday and their proposals for the oil and mining sectors are polar opposites. The newspaper El Tiempo made a summary of the proposals and the positions of both candidates on these issues.
The guerrilla announced a ceasefire for the second round of presidential elections, and authorities spoke about their military achievements against FARC dissidents. The development of these and other stories in our periodic Security summary.
Naturgas analyzed the production forecasts for 2018-2027 published by the Ministry of Mines and Energy (MinMinas). Orlando Cabrales, President of Naturgas, spoke about the sector’s future and the results of this analysis.
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