The National Government plans to regulate popular referendums and prior consultations in Colombia. These actions have grown exponentially recently and have affected oil and mining projects.
In a press release, the NOC explained why environment and oil activities are compatible.
Jorge Enrique Vélez, president of Cambio Radical political party, told the ELN to “take advantage” of what is left from Santos’ government to end their peace talks, because if Vargas Lleras (Cambio Radical’s candidate) wins in 2018, these negotiations will come to an end.
Despite assurances that Reficar is now “practically” online, refining volume dropped at the NOC’s flagship facility for the second straight quarter.
ProductionEcopetrol’s (NYSE: EC) export distribution is changing, but the United States remains as main destination of Colombian crude.
To participate, companies must register in a single database and update their information every year.
Juan Manuel Santos, President of Colombia, proposed to approve projects financed with royalties through fast track. He said thisat the Mayors’ Summit in Valledupar and there are advances onthe initiative.
This week, national authorities reported successful operationsto fight Colombia’s illegal fuel market. Initiativesin the departments of Norte de Santander, Bolívar and Huila, led to de confiscation of more than 26,000 gallons of stolen fuel. The development of these and other stories in our periodic Security Summary.
Popular referendums have grown exponentially in recent years in Colombia. Several municipalities plan to hold consultations to ban mining or oil activities in their territories.
Vasconia is perhaps Colombia’s most ‘emblematic’ crude oil blend and last quarter the discount fell again, reducing the gap to Brent.
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