Colombia’s Central Bank (Banrep) released 1Q17 Foreign Direct Investment (FDI) figures for the country. This increased in the sector compared to same period last year, despite current legal uncertainty and social unrest.
The company will focus on investments in four main areas: social development, improving productive capacity, developing sustainable environments and strengthening public management.
Anti-oil and mining referendums continue in different regions of the country and it is affecting mining and oil projects. Arbeláez and Pijao carried out these legal mechanisms to allow or reject the development of the mining and oil industry in their territories. As expected, the results were negative for the sectors.
Since 2014, the share prices of Colombia-focused producers have underperformed their global peers, a phenomenon we call the ‘Colombia discount’. However lately, despite public policy challenges, the discount is slowly reducing.
Yesterday it was Pijao in Quindio and Arbelaez in Cundinamarca. Is it not time to ask if the government’s strategy should be revised?
The National Environmental Licensing Authority (ANLA) granted an environmental license to Ecopetrol (NYSE: EC) to develop offshore activities in front of La Guajira. The ANLA explained this decision.
Through a letter, the governor of La Guajira Weilder Guerra Curvelo, asked Juan Carlos Echeverry, CEO of Ecopetrol (NYSE: EC,) to link the department to the national economy.
The union joined protests of communities in Santander and Meta, and said that Ecopetrol (NYSE:EC) must comply with the agreement it has with indigenous communities that live near Campo Rubiales.
Julio Cesar Vera, president of the Colombian Association of Petroleum Engineers (Acipet) spoke about the subject.
Colombian authorities want to leverage the navigability of the Magdalena River. There are many projects working to achieve this, but investigations are emerging about possible irregularities.
2025, Hydrocarbons Colombia, All Rights Reserved.
