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Ecopetrol’s (NYSE:EC) president Juan Carlos Echeverry rejected the motives for a planned strike by the USO oil workers in October and said it is a reckless move considering the state of the oil industry.

Ecopetrol (NYSE:EC) said that an average of 20,300 people worked on its projects in the first half of 2016 through its network of contractors, and up to 87% of these workers were local hires. This and other Corporate Social Responsibility (CSR) stories in our periodic roundup.

The Finance Minister Mauricio Cárdenas said he has a “shock plan” ready for Ecopetrol (NYSE:EC) which is designed to increase production by 25,000bd and improve the country’s macroeconomic benchmarks.

After a hearing ordered by the municipal council of Simacota, Santander, Ecopetrol (NYSE:EC) and Parex Resources (TSX:PXT) have clarified that the participation agreement and nearby project does not involve any unconventional techniques like fracking

The challenge for Ecopetrol (NYSE:EC) over the last year and a half under Juan Carlos Echeverry has been to guarantee its cash flow, cut costs and maintain disciplined in its spending, but now the firm can turn the page and start to focus on production.

Two fields in Meta previously closed by Ecopetrol (NYSE:EC) due to the fall in oil prices will now be brought back online at some point in the next month and a half.

The Superintendent of Industry and Commerce has opened an investigation of Ecopetrol (NYSE:EC) and a suppliers association in Meta, based on accusations of forming a cartel to control the production and distribution of construction materials destined for the oil industry.

As Ecopetrol (NYSE:EC) closed an intense six months which included the operational launch of the Cartagena Refinery (Reficar), the handover of Cusiana and Rubiales and a management restructuring. The firm reported that during the second quarter its production has faltered but its financial results improve on the first quarter of the year.

Ecopetrol (NYSE:EC) has started the process of naming a new president for the Cartagena Refinery, with an international headhunt expected to bring an executive with precise knowledge of the petrochemical market and refining operations.

Ecopetrol (NYSE:EC) has announced that the Gunflint field has started producing 20,000bd, of which its US subsidiary has a 31.5% share, and the NOC highlighted the strategic nature of this sort of asset.