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The Government formally requested Colombia’s early validation to the Extractive Industry Transparency Initiative (EITI), and will sponsor the Dominican Republic’s entry

The Constitutional Court said that the Colombia Energy Consortium had a negative impact on the ecosystem surrounding an indigenous Nasa community, and Puerto Lopez inhabitants complained against Bioenergy’s ‘waste dump’ in the Caño Barbasco water source. However, the main objections of the Putumayo community regarding the Platanillo project were met, and the first meeting to define United Nations areas of support towards Colombia’s ‘green agenda’ took place last week.

The most difficult years seem to be over. The industry is preparing to reactive investments And Ecopetrol (NYSE: EC) is not the exception. The company has defined a strategy to increase its reserves.

The commitment to increase reserves is giving its first results. Ecopetrol (NYSE:EC) recent announcement of exploration´s results in the Colombian Caribbean boosted perspectives for this year.

According to Cormagdalena, Ecopetrol (NYSE:EC) and Invías will help finance the maintenance and dredging work in the Magdalena River, if the contract with Navelena expires.

USO expressed their concern regarding Barrancabermeja Refinery’s infrastructure conditions and said a modernization must be done. They said that despite the partial success in negotiations with Ecopetrol (NYSE:EC), dialogues with Adrialpetrol failed because the company was “not ready to commit to an agreement.”

This past week Ecopetrol published its results and both the popular press – and Hydrocarbons Colombia – was focused on this event. But is this media attention justified?

We have made this point before but this is a different way to look at it. It will be very hard for Colombia to hit the production goal the ANH is talking about – 900 mbd – if Ecopetrol (NYSE:EC) is only going to be about flat with its production.

Ecopetrol (NYSE: EC) faces increasing social unrest and, at the same time, attacks against its infrastructure. This means high costs for everyone. Attacks on Caño Limón pipeline are the most significant.

The Sectorial Studies Direction of the General Comptroller conducted a discussion on natural gas and its supply. The Mining Ministry (MinMinas) and the Energy Mining Planning Unit (UPME) participated in the event.