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Communities & CSR

New project in Colombia’s Congress could take US$1 / barrel off operating profits

Business newspaper Portafolio reports that a project sponsored by high-profile congressman Simón Gaviria and colleague Jaime Rodríguez would allow municipalities to charge mining and hydrocarbons companies a local “Industry and Commerce” tax known as ICA.

Thursday, September 13th, 2012
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Petrominerales reports lower August production, exploration update

Petrominerales reports lower August production, exploration update

Source: Petrominerales, Hydrocarbons Colombia.
In a press release, Petrominerales provided an update on production and exploration. The production summary can be seen in the chart: yet another month of lower production this time 8% month over month. The company did not provide a zonal breakdown as they did in their 2Q12 results. However the company did explain the August results precisely in terms of

Thursday, September 13th, 2012
Usefulness: