Colombia’s government is looking for alternatives to fund its spending budget this year. Alberto Carrasquilla, Minister of Finance (MinHacienda), made a proposal about the country’s participation in the Ecopetrol (NYSE: EC) stake.
The union’s president, Edwin Palma, rejected the statements of the Minister of Finance (MinHacienda), Alberto Carrasquilla, regarding selling more of Ecopetrol’s (NYSE:EC) shares.
Felipe Bayón, CEO of Ecopetrol (NYSE: EC), spoke about NOC’s investment plans for 2019. The firm will focus on exploration and production activities in the country, and ECP is optimistic about its results for this year.
It has been over a year since the environmental emergency at la La Lizama took place and inhabitants of Barrancabermeja are still worried about pollution issues. The development of these and more stories in our periodic Eco summary.
Ecopetrol (NYSE: EC) announced advances and investments in La Cira-Infantas, one of the most important producing fields in Colombia. The NOC highlighted the increase in oil production in this important area since 2005.
Concerns about global warming have generated several agreements and commitments around the world to reduce polluting emissions. The Colombian oil sector has not been left behind in this process and Ecopetrol (NYSE: EC) announced new measures to reduce pollution levels.
Like most everyone else in the industry, Ecopetrol (NYSE:EC) is having a great year financially and statistically. However, the integrated nature of the the NOC means it takes a bit of work to see what is happening in just the E&P business.
The NOC spoke about the increase in local hiring levels nationwide, highlighting positive results.
Ecopetrol (NYSE: EC) commented on the COR 62 project viability that crosses several ecosystems and generated concerns about its environmental impact. Edward Tovar, Manager of Unconventional Deposits at ECP, spoke on this topic.
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