Last December we played ‘Casandra’ and warned not to get too excited by the boost that Brent (and to a less extent WTI) received from an OPEC agreement to reduce production.
The Coveñas / Caño Limón (CCL) pipeline has been affected by multiple attacks this year despite the peace process with the ELN. Ecopetrol (NYSE: EC) reported a new attack on this important asset.
The Union asked the Attorney General to investigate threats to social leaders that have denounced alleged criminal activities by the mining industry in Colombia, and rejected the latest attack to the Coveñas-Caño Limon pipeline in Norte de Santander.
Attorney General Nestor Humberto Martinez said that the first indictments for the Reficar case are ready. He called the ‘scandal’ “the biggest misappropriation of public funds in the history of Colombia.”
The executive president of the Colombian Petroleum Association (ACP), Francisco Lloreda, called on Meta’s authorities to work together and help turn the industry’s crisis into an opportunity for the department.
After more than half a century of being a ‘revolutionary’ armed group, Farc will debut into Colombian politics with their own party, which will promote “revolution, peace and democracy.”
The National University of Colombia, together with governmental entities, created a website to show the environmental conflicts in Colombia. Oil, mining, hydroelectric and tourism projects appear on this website.
Ecopetrol (NYSE: EC) wants recover the ground lost by the oil crisis. To achieve this, the NOC has big plans around Colombia. The department of Huila will have several projects this year.
Canacol Energy Ltda (TSX: CNE) announced an agreement to a 50% farm-in with Pacific Exploration and Production (TSX: PEN) for a gas block near its other properties.
Valle del Cauca business associations defended the construction of the Pacific coast regasification plant because according to them, is an important competitiveness element for Colombia.
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