This week is Easter and so I have low expectations about how much this column will be read. Many loyal readers, at least those living in Latin America, may already be on vacation.
Canacol’s CEO asked the Colombian government for more tax incentives for those exploring for gas and producing the fuel needed to supply the country’s domestic demand.
Vasconia is perhaps the most important Colombian benchmark – Castilla would be the other – but it is not, unfortunately followed as closely in public sources as Brent and WTI might be. Fortunately, we get insights from some companies’ financial results.
The department of Putumayo is one with the highest oil activity in the country. The catastrophe of its capital city, Mocoa, has affected many people. The industry announced collaborations for this zone.
The reincorporation to civil life of minors recruited by Farc is advancing with help from the Red CrossInternational Committee (ICRC.) However, this is just the beginning as no one really knows how manychildren are among the 7,000 Farc personnel concentrated in different rural areas.
GasColombia’s energy bet is natural gas; authorities are optimistic for the future. Orlando Cabrales, President of Naturgas, spoke about gas reserves and investments for coming years.
Ecopetrol reported Bioenergy’s “El Alcaraván” ethanol plant entered the production and operational phase, and will progressively enter the commercialization stage.
Juan Carlos Echeverry gave details on Trogón and Lorito 1; two of Ecopetrol’s (NYSE:EC) most controversial projects in Guamal’s community.
Ecopetrol (NYSE: EC) announced its operating strategy for this year. Unsurprisingly, the company wants to continue generating short-term profits for its shareholders.
The oil industry has contributed to the country’s development, but also provokes rejection by some. Juan Carlos Echeverry, CEO of Ecopetrol (NYSE: EC), referred to this situation and said that the country must make a decision.
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