The relationship between communities and the oil industry is complicated in Colombia. Casanare is one of the main producing departments and several communal leaders met to analyze the current situation.
Security and Public OrderEven though ELN’s representatives said that dialogues in Quito are in no more than an “exploratory phase,” the government and the guerrilla announced the creation of a Fund for Peace Negotiations to distribute the International aid that has been received for Quito’s peace talks.
The National Environmental Licensing Authority (ANLA) participated in the first water monitoring workshop 2017-2018, organized by the Canadian Corporation and the Agri team Foundation. Plans were announced to strengthen the sector.
Colombia´s Central Bank has not published Foreign Direct Investment (FDI) figures for 1Q17, but we show petroleum FDI and RRR during 2016. Social environment has increase legal uncertainty in the industry and it could affect the performance of these metrics this year.
As of August, the NOC’s tanker trucks will not be able to enter directly into the city and Ecopetrol (NYSE: EC) will have to search for an alternative route.
The Comptroller General proposed changing the gasoline price policy in the country. It generated an interesting discussion.
GasThe Colombian Mercantile Exchange (BMC) confirmed the news.
Ecopetrol (NYSE: EC) announced progress at the Bioenergy plant, the largest ethanol production complex in the country. The company said the ethanol-marketing phase began.
Even though the Collegiate Bodies of Administration and Decision (OCAD) approved important social development projects in the departments of Neiva and Casanare, corruption scandals led to the National Department of Planning (DNP) to closely monitor, and even suspend projects in Casanare and La Guajira. These and other stories in our periodic Royalties summary.
As popular anti-oil referendums arise all over Colombia, the government and oil associationswent out to explain what the‘post- popular referendums legal uncertainty’ represents for Colombia.
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