Ecopetrol installs new water infrastructure in Meta and plans to build educational infrastructure in Cupiagua. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The National Planning Department (DNP) published a statement in which it highlighted the arrival of royalty projects to all of Colombia’s departments, and said that things are going well.
The Santander Governor Richard Aguilar Villa said that he was able to confirm an official visit from Ecopetrol (NYSE:EC) president Juan Carlos Echeverry to discuss the future of the Barrancabermeja Refinery and address employment alternatives.
Ecopetrol (NYSE: EC) president Juan Carlos Echeverry and the USO president Edwin Castaño coincided at a private event in Bogota, where the USO says that Castaño addressed his concerns about the statement the executive made April 7th on smaller oil fields and a supposed inconsistency in the figures presented on the number of Ecopetrol wells.
Colombia’s State Council suspended the legal effects of a norm issued by the National Mining Angecy and Ministry of Mines and Energy that created 516 mining zones, rules which had loosened prior consultation requirements. Industry representatives say this is a blow to the production potential and creates unclear rules.
Putumayo has been hard hit by the fall in oil prices, but the overall impact of tax reforms and social conflicts, especially in Bajo Putumayo, are also taking a toll on the productive potential of the region. More dialogue is needed between the community and industry says the president of the Colombian Petroleum Association (ACP) Francisco Lloreda.
Pacific Rubiales (TSX:PRE) has financed the CSR management accreditation of 25 officials from Tauramena and Monterrey while Ecopetrol supports small manure and fish producers in Putumayo. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Community conflict and blockades have been a recurring problem over the last two years, but in 2015 the number of blockades has spiked considerably.
The USO says it had nothing to do with a recent attack at the Rubiales and Quifa fields that left infrastructure damaged and vehicles burned, and called for a peaceful dialogue.
Showcased as one of the strategies to mitigate the impact of the fall in oil prices on producing regions, oil firms, in conjunction with the Canadian government, have invested in seven initiatives that generate opportunities for the agribusiness worth a total of US$76.2M.
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