A national paper consulted with business leaders on where they thought the oil price would settle in the short term. And with words of caution and uncertainty, the response was that it would hover around US$50/barrel. Maybe.
Ecopetrol invests in improving educational infrastructure in Casanare, meanwhile the firm also promises the construction of a college campus in Granada. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Ecopetrol (NYSE:EC) president Juan Carlos Echeverry believes the main challenge of Colombia’s oil industry is to attract and maintain investment. And he stuck to the government’s game plan: that the best way to do this is through achieving peace, not lowering taxes on companies.
The recent Colombian Petroleum Association (ACP) congress brought experts from all over the world, and a number of them offered a common theme in their presentations: to stay competitive the regulatory framework and fiscal policy must adapt to the industry.
The twisted system which dictates local hiring in Meta for oil projects is getting more attention, and a local paper says that the murder of community leader Edith Santos just over a year ago has helped unveil the dark process and its benefactors.
In its latest accusation against Pacific E&P (TSX:PRE), the USO claims the firm has been actively campaigning to block its workers from joining the union ranks, and so will take legal action against the operator.
Last week we commented on the biofuel association’s attempt to win friends and influence people over rising – or at least not falling very fast – fuel prices, blamed by MinMinas on the association’s products: ethanol and biodiesel.
Editor’s Note: If the news from Havana is to be believed, we are less than six months away from the signing of a peace accord with the Farc.
The Colombian Petroleum Association (ACP) used its recent congress to push for a tax reform that would address a heightened fiscal load on companies in order to improve investment, but President Juan Manuel Santos has ruled it out for 2015.
Globally there are 20M natural gas vehicles (NGVs) with over 500,000 of these in Colombia, according to Pablo Roda, a spokesperson with the Natural Gas Association (Naturgas) who spoke at the Colfecar transportation congress.
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