Ecopetrol (NYSE: EC) has managed to report good financial and operational results in recent years, leaving good dividends for the Colombian state and its shareholders. However, security issues are putting the firm on alert.
Christoph Harnisch, delegate of the International Committee of the Red Cross in Colombia, spoke about the long road that the government has ahead, before being able to enter an actual post-conflict process.
Local authorities started a security strategy to deal with gasoline smuggling issues in Tibu (Norte de Santander). This caused disturbances in the area and affected Ecopetrol’s (NYSE: EC) performance.
The Farc political party said that it will defend its place at the House of Representatives, despite the fact that leader ‘Jesus Santich’ left the country weeks ago.
The union spoke about the protests in the department of Arauca, urging the government and Ecopetrol (NYSE:EC) to resume negotiations.
The guerrilla asked for yet another bilateral ceasefire, just when attacks to national oil infrastructure have started to intensify.
Constant attacks on Coveñas – Caño Limón (CCL) brought back an old project that has the potential to safely transport the oil produced in Arauca’s fields.
The Movimiento Ciudadano Political Organization confirmed that Farc leader Jesus Santrich, who has an ongoing investigation for drug trafficking, left Colombia.
Eco Oro Minerals Corp felt it had no choice but to abandon its Angostura project in the department of Santander. It is taking Colombia to court over the country’s insecurity for investors.
The President highlighted the advances of the post-conflict process, while Farc leader, Rodrigo Londoño (‘Timochenko’), demanded effective measures to stop the killing of former Farc members.
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