Mauricio Cárdenas, Minister of Finance (MinHacienda), spoke about current oil prices and its possible benefits in the Colombian economy. Additionally, President Santos spoke about sustainable development to the World Economic Forum in Davos, Switzerland.
Even though the initiative will boost the local economy, some members of El Cedral village, in the municipality of Hato Corozal (Casanare), blocked the access road to Tautaco.
Perhaps the greatest challenges that Colombia will face with the implementation of the peace agreements, is giving more relevance to rural areas that have traditionally been neglected by the State.
The Ministry of Commerce (MinComercio) has contributed more than CoP$8.7B for the development of this initiative.
The oil sector has presence in several regions of the country. Oil production in Colombia showed stable performance during 2017, but which are the main producing municipalities? Here are the top 10 oil producers during last year.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for December, 2017. This metric decreased compared to November figures, breaking a positive trend of 19 months.
According to the CEO, this year started with a bitter sweet feeling for the industry; better international prices, but attacks against oil infrastructure. He also said that fracking is a good option to increase reserves.
The National Administrative Department of Statistics (DANE) reported on transport costs and the main factors that influenced their behavior during 2017.
The National Army, the Police and the National Tax and Customs Police (Polfa) announced successful operations in different departments of the country regarding the confiscation of smuggled fuel. The development of these and other stories in our periodic Security summary.
Uruguay remains the country with the highest prices, while Venezuela still has the lowest.
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