Ecopetrol (NYSE: EC) reported the number of jobs created through contractors in 4Q16. Oil activity and recruitment of personnel are recovering.
This week has been one of the most difficult regarding peace issues. Negotiations with the ELN could be jeopardized after being accused of terrorist attacks in Bogotá , and the implementation of the peace agreements with FARC does not seem to improve.
During a meeting, the National Hydrocarbons Agency (ANH), the Colombian Armed Forces and operating companies of the industry, presented the results of a strategic alliance between the industry and the military.
This has been an important week regarding the implementation of the peace agreements with the Farc, as the House of Representatives approved the law that will allow its debut as a political party, and Minister of the Interior, Juan Fernando Cristo announced a series of political reforms to be developed during the post conflict process.
The hydrocarbons industry is one of the most affected by infrastructure attacks and illicit acts. The reported number of these actions reduced last year, but these continue to generate large economic losses.
The Norwegian Embassy in Colombia in cooperation with the International Center for Hydropower (ICH) organized “Talks on peacebuilding in the energy sector: roads and challenges of the post conflict” in Bogotá. HCC was present at the event; we have a brief summary of the meeting.
Illegal fuel confiscations have been reported in Chocó and Norte de Santander more than in any other departments of the country, and violent protests in Ecopetrol’s (NYSE:EC) Casabe field let to losses in production. The development of these and more stories in our periodic Security Summary.
After the ELN liberated former congressman Odin Sanchez, along with several soldiers, and the government released two guerrilla members, peace dialogues started in Quito, Ecuador
It seems like Farc’s mobilization to the concentration rural areas has been successful so far. However, there is concern among public officials over those who are coming to take the Farc’s place in the areas they dominated for decades.
Our summary statistic went up, but the components acted, well, unexpectedly. As often happens, our qualitative assessment of the month is different from the quantitative.
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