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.
It has been half a year since the environmental emergency at Ecopetrol’s (NYSE:EC) La Lizama 158 well took place. Environmental entities visited the area and published a report. This and more stories in our periodic Eco summary.
Fracking has been a controversial subject for communities, but if anyone will benefit from the development of this technique, it is them.
With better oil prices, Ecopetrol (NYSE:EC) could go back to producing 1mmbl, but according to CEO Felipe Bayón, that is not the company’s priority.
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