The people of Cumaral said no to any oil activity in their territory. This decision has generated several opinions throughout Colombia.
Inhabitants of Cumaral (Meta) voted against the development of oil and gas projects in their territories and the results are quite similar to those of Camajarca. The community organized a popular referendum to stop Mansarovar’s projects in Cumaral.
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.
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