News and AnalysIs for

Allegedly, there is a transnational oil smuggling network that transports oil from Venezuela to Colombia. Authorities reported the confiscation of more than 3,000 gallons of fuel in Arauca and Norte de Santander. The development of these and other stories in our periodic Security Summary.

There are huge concerns about the consequences of recent popular referendums and their fast growth in Colombia. Germán Espinosa, Executive President of Campetrol, wrote an article about this problem in La Republica.

A former Farc member was captured in Costa Rica while transporting cocaine, and the ELN kidnapped two Dutch journalists in Norte de Santander.

Those responsible for this crime legalize the fuel through fake companies, the guerrilla and mafia networks.

Terpel, together with the Agency for Reincorporation and Standardization (ARN)supported three projects managed by former guerrilla and paramilitary members in the department of Casanare.

Oil theft and illegal transportation of fuel have become a big issue in the departments of Norte de Santander and Arauca. However, the police have been able to react to it and are now working on new strategies to keep the issue under control. The development of these and other stories in our periodic Security Summary.

Colombia´s Central Bank has not published Foreign Direct Investment (FDI) figures for 1Q17, but we show petroleum FDI and RRR during 2016. Social environment has increase legal uncertainty in the industry and it could affect the performance of these metrics this year.

As popular anti-oil referendums arise all over Colombia, the government and oil associationswent out to explain what the‘post- popular referendums legal uncertainty’ represents for Colombia.

A court in La Guajira issued a ruling against Promigas making it pay compensation for a guerrilla attack on its facilities. Some representatives of the sector talked about this issue and there is much concern about legal situation in the country.

Jorge Enrique Vélez, president of Cambio Radical political party, told the ELN to “take advantage” of what is left from Santos’ government to end their peace talks, because if Vargas Lleras (Cambio Radical’s candidate) wins in 2018, these negotiations will come to an end.