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CEO Felipe Bayón acknowledged the importance of better oil prices for the development of the NOC’s projects.

Colombia continues talking about the possibility of developing unconventional projects via the hydraulic fracturing technique (fracking). The Colombian petroleum workers (USO) spoke about this alternative and its potential in some municipalities of the country.

Ecopetrol (NYSE:EC) announced important investments for environmental projects, but communities are still hesitant about the industry’s presence in their territories. The development of these and more stories in our periodic ECO summary.

Authorities announced positive results after developing operations to fight fuel smuggling in the country. The development of these and other stories in our periodic Security summary.

Ecopetrol (NYSE:EC), the Attorney General’s Office, the Ministry of Mines and Energy (MinMinas), the Ministry of Environment (MinAmbiente) and Medellin’s Mayor’s Office signed a pact to improve the city’s air quality.

Colombia continues to discuss the possibility unconventional techniques to increase oil reserves and production. Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), spoke on this topic in a debate.

The National Agency of Environmental Licenses (ANLA) announced a technical team to follow up on the Ecopetrol (NYSE: EC) project Oripaya block located in the municipality of San Jose de Cucuta in the department of Santander.

Ecopetrol (NYSE: EC) and the USO announced the new “Collective Labor Agreement” a couple of days ago. Both parties celebrated this pact, but this will represent an enormous cost for the NOC.

A new fracking debate will soon take place in Congress. Hector Manosalva, Ecopetrol’s (NYSE: EC) Vice President of Development and Production, spoke about what this technique represents for the country.

The new Collective Labor Agreement, valid for 4.5 years, could reduce production risks due to lower possibilities of having strikes.