The Coveñas / Caño Limón pipeline, one of the main assets of the country to transport crude, continues to report problems from attacks and this is generating huge losses. Ecopetrol (NYSE: EC) commented on the status of this important pipeline.
This is the first time in over 4 years that there is nothing to report on the peace process. Our Managing Editor speculates on what that might mean.
German Arce, MinMinas, talked about the sector situation and the boom of popular referendums in an interview with Semana.
The intention to carry out anti-oil and mining referendums continues to grow around Colombia. The industry has many concerns, and these grow with a move to carry out referendums to approve or deny offshore exploration.
Within June 7th to July 7th, the Verification Mechanism Committee for the Peace Process reported three violations to the cease-fire; two of them committed by Farc and one by the Government.
Ecopetrol (NYSE:EC) rejected the terrorist attack that took place in Teorama (Norte de Santander.) Besides causing fear among the locals, the act affected backhoe loaders of the Company Termotécnica Coindustrial. The development of these and other stories in our periodic Security Summary.
It has been seven months since for the second time;Farc and the government signed the peace accords. Here is a brief summary of the most relevant events that have happened ever since.
The interest in popular referendums against mining and oil activities continues to grow around Colombia. Yopal is in process to start a new popular consultation.
The attacks on pipelines are not the only headache for oil companies. Illegal groups are using other methods to affect the sector’s performance.
In a symbolic act that took place in the municipality of Mesetas (Meta,) Farc gave up the last of their weapons and according to the government, “stopped existing as an armed group.”
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