There is always something to be worked on to improve the sector’s performance. The issue of transportation costs has come up again so we thought we would reprint this chart from a few months ago.
Ecopetrol (NYSE:EC) and Equion spoke about the development of successful programs in departments like Casanare and Putumayo, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
In recent years, the Coveñas Caño Limón pipeline has been the main target of illegal groups, especially the ELN. This year this important facility has suffered several attacks, affecting its normal operations and Ecopetrol (NYSE: EC) is working to repair the damage.
Entrepreneurs and politicians from the Caribbean coast, such as Joseph Daccarett and César Lorduy, criticized Resolution 40646 of the Ministry of Mines and Energy (MinMinas) regarding last week’s emergency in Cusiana and Capiagua. However, the problem has been resolved.
On November 6th, 2017, when Iván Duque was one of the presidential candidates for the Centro Democratico party, he signed an opinion column in ‘El Colombiano de Medellín’ titled “El Resurgir de Barrancabermeja” (literally: Barrancabermeja’s Resurrection), explaining the importance of the Refinery’s Modernization Plan.
The Works for Taxes program is one of the most interesting ideas by the Colombian Government that we have seen in a long time. This program began with several projects and a large budget approved by the Superior Council of Fiscal Policy (CONFIS).