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Santos visits Meta, calls for a productive balance

Colombian President Juan Manuel Santos visited the city of Villavicencio in the Meta Department and called for a balance between oil production and the environmental and social needs of the community.

Tuesday, July 2nd, 2013
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Royalty assistance for mayors an item on the political agenda

Colombia’s Unidad Nacional political party has put assistance to community mayors in obtaining funds from the General Royalty System (SGR) on the agenda, with a senior member suggesting changes might be needed at a congressional level.

Tuesday, July 2nd, 2013
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Banco de Bogotá expects to maintain lead banking role as Bicentennial Pipeline comes online

The Banco de Bogotá has been one of the lead banks to finance the US$5B needed for all three phases of the Bicentennial Pipeline and bank executives expect this role to continue as the pipeline becomes operational.

Monday, July 1st, 2013
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Inner Circle Monthly Report for July 2013

We have not one but three interviews this month.

Monday, July 1st, 2013
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Matching opportunity to capability — An interview with Nelson Navarette of Petroamerica

We calculate that Petroamerica is the 8th largest company by market capitalization listed on the TSX or TSX-V exchanges with operations in Colombia and the largest non-operating company of the Canadian group.

Monday, July 1st, 2013
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Heavy Crude Oil Markets HCC July 2013 Report

Heavy Crude Oil Markets HCC July 2013 Report

Castilla Crude Refining Economics

In the last two months heavy grades have remained strong in the Gulf of Mexico market. Margins have been positive, at least in the higher end Gulf of Mexico conversion refineries.

Monday, July 1st, 2013
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USO rejects new contracts calling for multifunctional workers

The USO in a statement says it categorically rejects the model of new contracts that Ecopetrol’s administration is proposing. The union calls it an attack against the workers, as it will allow contractor firms to lower headcount, decrease salaries and hierarchical ranks of works, increase the work load through “multifunctional” workers. This will expose workers to a higher risk of accidents, breaking the internal policy of Ecopetrol called “Work Safely, Clean Barrels”.

Monday, July 1st, 2013
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Ecopetrol’s Bioenergy land holdings exceed established limits

Ecopetrol, through its subsidiary Bioenergy, has land holdings that exceed the legal limits established by Colombian law.

Monday, July 1st, 2013
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Farc heading for summer vacations?

Farc heading for summer vacations?

Counts were down for the third week in a row to 23 below recent and long-term averages. This was a much lighter than normal week for non-armed forces reported/guerrilla-initiated incidents. Our 4-week Moving Average incident count was down to 31.3 incidents (down for the sixth straight week) but the 52 week average was up slightly again to 39.2 incidents per week.

Sunday, June 30th, 2013
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What is the price of community peace?

Protests and blockades in Paz de Ariporo, one of several hotspots this week that have grabbed headlines, are now being lifted after community leaders and Bicentennial Pipeline officials signed an agreement that would improve the community’s roads.

Thursday, June 27th, 2013
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