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.”
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.