It has been seven months since for the second time;Farc and the government signed the peace accords. Here is a brief summary of the most relevant events that have happened ever since.
The Board of Administration and Decision (OCAD) approved projects in Casanare, Sucre and the Caribbean. President Santos, the Ministry of Mines and Energy (MinMinas) and the Monitoring and Evaluation System Entity (SMSCE) highlighted the importance of the projects in oil producing regions. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
After two years of adjustments to face the fall in oil prices, Ecopetrol (NYSE:EC) is ready to invest CoP$50T during the next 5 years.
Cities in the Colombian coast invited companies to their territories to set up their facilities to carry out offshore projects, and it seems that Barranquilla is wining this competition.
The Ministry of Mines and Energy (MinMinas) announced the first decrease in the fuel prices since December last year.
GasCharlie Gamba, President of the firm said that the departments of Cordoba and Sucre have potential to supply half of Colombia’s reserves.
The interest in popular referendums against mining and oil activities continues to grow around Colombia. Yopal is in process to start a new popular consultation.
Blockades in the departments of Santander, Meta and Casanare present delays in production for Ecopetrol (NYSE:EC.)These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Continuing an unfortunate tradition, June was a bad month for oil prices. Maybe traders must close out their positions at the end of the quarter or end-of-half but the price slide started in June 2014 and since then this period of the year has not been a happy one.
Leon Teicher is Chairman of the Board of Continental Gold, a Canadian mining company operating in Antioquia who has contributed frequently to HCC on social and economic issues.
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