The government and striking truckers signed an agreement last Friday to end a violent and costly 45 day strike, which affected various other economic sectors. Now the first details of the agreement have started to reach press
The government has rejected the takeover of the Ecopetrol (NYSE:EC) Gibraltar gas plant by the U´wa indigenous people in Norte de Santander, but ruled out taking it back by force until it has exhausted all other options.
The Constitutional Court approved the government’s plan to hold a referendum to accept or reject the peace agreements made with the Farc.
The General Controller has warned that both national and regional entities must reconsider their finances and plan to limit and correct their dependence on oil resources for public investments, although the central government does not believe investment for regions will be hard hit for now.
The National Hydrocarbons Agency (ANH) has created a standardized set of labor profiles for the hydrocarbons sector, in an attempt to reduce conflicts associated with labor intermediaries.
The Colombian Association of Oil Engineers (ACIPET) believes, like its association peers, that the difficult scenario facing the oil industry today could bring average production down to 890,000bd by the end of the year.
It has been a while since we have seen anyone write about peak oil in Colombia, but a recent column said that embracing fracking is a flawed attempt by the Colombian government to delay the effect of peak oil in the country, when instead it should be investing in renewable energies.
The General Controller Edgardo Maya Villazón presented another report on royalty use which he says shows the royalty process changed under the General Royalty System (SGR), but the bad conduct and mismanagement did not. This and other related stories in our periodic roundup.
The oil industry is not the only sector to suffer from constant blockades and protests. Mining projects, electrical lines and new highways have all suffered delays due to an increasing conflictive community relationship.
A new law signed by President Juan Manuel Santos will allow departments to apply royalty funds to bills for additional health care, and cover outstanding debts with service providers and insurers, an area where a number of departments are suffering financially.
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