Apparently, everyone has an idea to modify the National General System of Royalties (SGR.) Projects to assign the budget required to re construct Mocoa and to allow the territorial National Pension Funds (FONPETs) to use their spare budget in social investment programs. These and other stories in our periodic Royalties summary
Colombia’s Central Bank released 1Q17 Foreign Direct Investment (FDI) numbers for the country and it decreased in the oil sector.
GasFelipe Bayón, COO of Ecopetrol (NYSE: EC) talked about gas prospects in Colombia. Oil is the most important resource today, but gas will increase its participation in the country’s production in coming years.
The oil industry’s help was paramount after the tragedy that took Mocoa by surprise earlier this month. This and other Corporate Social Responsibility (CSR) stories in our periodic summary.
GasThe construction of regasification plants in the country has generated several discussions. Some people support it and others criticize this. Julián García, President of the Transportadora de Gas Internacional (TGI) spoke on the subject.
For weeks now, the Casanare press have been bubbling over Gran Tierra (TSX:GTE) and a block called El Portón.
The National University has been called in to monitor Ecopetrol’s (NYSE: EC) project in the Humadea River, Meta.
Once again, USO showed its concern regarding threats to its members and social leaders. They said a possible alliance between militaries, paramilitaries and corporations might be the reason why the government does not acknowledge or take action in the situation.