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Royalty Roundup: Comptroller, Meta gov butt heads

The Comptroller General has told the Meta government that its statistics on royalty distribution show a discrepancy in departmental data, meanwhile the Comptroller has moved ahead with an audit of the Tolima Government. These and other stories in our periodic roundup.

Tuesday, July 21st, 2015
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Making the last week count

Making the last week count

The latest unilateral truce only started Monday (July 20th) but both groups did not exactly ease into it with the total count up by 14 to 46, the highest we have recorded this year. The guerrilla increased their activity by 4 (by our methodology) and, after lagging behind in the past few weeks, the Armed Forces increased reported activities by 10.

Monday, July 20th, 2015
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Price drop plus attacks costing as much as 10,000 jobs

The Labor Minister Luis Eduardo Garzón said that the increase in guerrilla attacks over the last month, coupled with low oil prices could lead to a loss of between 8-10,000 jobs in the oil industry.

Monday, July 20th, 2015
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USO closes in on Rubiales

The USO continues to milk the uncertainty surrounding Pacific Rubiales (TSX:PRE) and the future of the Rubiales field and push for it to be reverted to Ecopetrol (NYSE:EC) control.

Monday, July 20th, 2015
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Petrobras contends for biofuel refinery tanks

Odin Petroil, which owns a biofuels refinery in Santa Marta, Magdalena is going through a restructuring process, and now has two competing offers to consider for use of the refinery including a recent one from Brazilian NOC Petrobras (NYSE:PBR).

Monday, July 20th, 2015
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And if it was a multinational?

This article by contributor León Teicher first appeared in Colombia’s national business newspaper, Portafolio. We think it perfectly captures the frustration most of us feel over the asymmetry between environmental management of major companies and the environmental damage by traditional agriculture or, as in this case, by the guerrilla.

Sunday, July 19th, 2015
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Many guerrilla-initiated incidents lately but most barrels not so exposed

Many guerrilla-initiated incidents lately but most barrels not so exposed

The Farc announced the end of their unilateral truce on the 22nd of May and another one will start on July 20th. In between has been one of the more intense periods of violence in recent memory with a significant amount of the incidents directed specifically at oil and as infrastructure.

Sunday, July 19th, 2015
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Peace Process week of July 13: Santos speaks clearly on justice

Awaking from an apparent slumber, President Juan Manuel Santos issued his clearest message to the Farc that no agreement can be made without transitional justice.

Thursday, July 16th, 2015
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Gas production continues to trend downward

Gas production continues to trend downward

We have frequently noted the disconnect between the official statistics on gas demand (as shown in the chart) and the qualitative evidence of increased domestic gas coverage and vehicle conversions.

Thursday, July 16th, 2015
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MinMinas: The importance of a million barrels

The Minister of Mines and Energy Tomás González took to his quill and scroll to pen an opinion column where he defends the strategic importance of the oil industry for Colombia’s pubic finances, its fight against poverty and transition to peace. But to do so production must stay high.

Thursday, July 16th, 2015
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