The General Royalty System (SGR) has been in place for a little more than a year and already there is a brewing discussion as to the effectiveness in the new program, which has oil producing regions up in arms and calling for change.
The USO has a new conspiracy theory and so a new line of accusations against Pacific Rubiales Energy (TSX:PRE). The union is now saying that the firm is looking to take over the Cartagena Refinery (Reficar) project and staff it with Venezuelans.
Colombia’s Inspector General (IG) weighed in on the growing list of municipalities that are planning public referendums to approve or reject the extraction of hydrocarbons or minerals in surrounding areas, saying that the use of these resources does not pertain to them.
Colombian senator Jaíme Durán of the Liberal party has called on the leadership of Ecopetrol (NYSE:EC) to explain to the country in detail why the Barrancabermeja project continues to suffer delays.
The Colombian Security Council (CCS) says that its Uniform Contractor Registry (RUC) has contributed to a drop in accident over the last two years and also in the severity of the accidents.
News of the 250km International Pipeline to connect Colombia to Ecuador’s infrastructure caught Putumayo residents by surprise, and their reactions in local press illustrate the complex challenge which is community and industry relations, and the staunch divisions between regions producing oil and those that watch it pass on the roadways.
Two reports of oil spill have reached local press over the last couple of days, one involving a Perenco owned pipeline in Casanare and the other involving Ecopetrol (NYSE:EC) in Meta.
Oil producer Petromont socialized a exploratory drilling project in the Llanos 10 block, where it presented the project to members of 11 villages affected by the drilling in Arauca and Casanare. Environmental authorities were on hand as observers.
The USO says that Ecopetrol (NYSE:EC) continues to hedge and refuse to progress on the modernization of the Barrancabermeja Refinery, with the union saying that it is a must to have a “competitive” and modern refining facility.
The National Planning Department is threatening to cut of royalty payments to municipal and departmental entities who received royalties for projects in 2013 but that have not yet filed a transparency report that details how the money was spent.
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