The government plans to propose a law to allocate 7% of the royalty resources to the post-conflict process. Some governors believe that this measure will promote centralism.
This week was definitely hectic for the post-conflict process since the fight against drugs in the country seems to be coming to an end with Farc’s help, but the political battle in the Senate over the JEP project seems to be just starting.
Ecopetrol (NYSE: EC) announced that it will distribute dividends to its shareholders this year. The company exceeded analysts’ estimates. The good results left the financial market calm despite the oil crisis.
Several legislators and directors of public agencies participated in a forum organized by the presidency of the Senate. The event was held in Villavicencio. The National Hydrocarbons Agency (ANH) was present.
With the ‘no-cost assignment’ method, Ecopetrol (NYSE:EC) delivered essential materials that helped communities in Norte de Santander and Magdalena Medio execute housing projects, and rural communities in Yopal showed their gratitude towards Equion’s social investment projects in the region. These and other Corporate Social Responsibility (CSR) news in our periodic summary.
Huila’s entrepreneurs gave a rational perspective on the oil snd gas industry’s performance at an international and local level.
At a time when low oil prices have forced Ecopetrol (NYSE:EC) to adjust its expenses and maintain a moderate exploration rate to ease its finances, the refining industry is emerging as the company’s hope for higher production margins and profits.
The National Government failed to receive about CoP$23.6T due to the oil price drop and the sector crisis affected everyone. In September 2015, the National Hydrocarbons Agency (ANH) announced improvements and incentives to boost the sector. Nearly a year-and-a-half later, finally, the new regulation has been approved.
The Army and the Police carried out a series of operations that led to the confiscation of over 3,000 gallons of fuel that were being illegally transported through the country, Ecopetrol (NYSE:EC) reported that attacks against the Caño Limón-Coveñas pipeline continue, and authorities showed their concern regarding the expansion of dissident Farc groups in different departments of the country. The development of these and other stories in our periodic Security Summary.
Ecopetrol (NYSE: EC) made public its financial results for 2016. The company notes that it did well despite the difficult circumstances. The NOC exceeded its production target and presented positive financial results.
2025, Hydrocarbons Colombia, All Rights Reserved.
