The history of the mining and oil industry in Colombia took a turn after the popular consultation that took place in Cajamarca last month. Industry expert Francisco Miranda analyzed the situation.
The Secretary of Finance of Barrancabermeja in an inspection process found some irregularities in Ecopetrol’stax return (NYSE: EC) during 2014 and 2015.
Total incidents near oil and gas infrastructure were up sharply last month (from 22 to 32) but that was mostly due to Armed Forces activity.
The Union said that Attorney General Nestor Humberto Martinez’s findings in the Reficar case are only a part of what it was actually lost in the refinery’s construction.
Last year was a difficult one for the industry in general. The Ministry of Mines and Energy (MinMinas) will announce the country’s reserves in coming days but the outlook is not positive.
Senators Maritza Martínez (U party) and Jorge Robledo (Polo Democrático) called a debate to discuss the impacts of the extraction of non-conventional resources through fracking.
The sector is looking for options to increase oil production in the country and unconventional techniques are attractive for many companies. However, the government position about this issue is not clear.
One hundred and fifty days have passed since the signing of the Peace Agreements between the government and Farc. Here is a brief recap of what has happened so far.
The oil and mining sectors have contributed huge amounts of royalties to boost the country development.
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