Ecopetrol (NYSE: EC) reported that the number of illegal actions decreased last year compared to 2015 in the Middle Magdalena. Despite this, the company suffered over US$700,000 in deferred revenues over the past two years.
Protests have affected the oil industry significantly over the past several years. However, blockades against the industry decreased last year, compared to data from 2015. The Colombian Petroleum Association (ACP) provided the data.
January 31st will be a crucial date for the implementation of the peace agreements because all Farc combatants are supposed in specific rural zones as a prelude to their effective demobilization. However, seems like the peace agreements’ implementation via ‘fast track’ will not be as fast as the government had anticipated.
Citizens and social leaders of Guamal’s municipality in Meta have called a march for the ‘defense of water and life’ and against the development of oil projects in the area.
Ecopetrol said attacks halted pumping operations along the 780km Caño-Limon Coveñas (CCL) pipeline, the second most important in the country.
The USO’s major topics of discussion during this week were the ‘labor massacre’ to which workers of the Masa Stork plant will supposedly be put through, legal issues with Naviera Fluvial S.A, corruption and the consequences of Terpel’s so-called fuel monopoly.
After months of speculation, seems like negotiations between the Government and the ELN will start on February 7 in Quito, Ecuador, five days after the ELN releases former congressman Odín Sánchez.
Total security incidents dropped yet again in December 2016 but that was due to a fall-off in Armed Forces activities, not reduced guerrilla action.
Óscar Sánchez, president of USO Bucaramanga said that appointing Luis Guillermo Vélez Atehourtua as head of Ecopetrol’s health administration motivated them to start the year with a peaceful takeover Bucaramanga’s CAL (medical center).
The legal process to start the peace transition continues with an amnesty bill passing its first debate in congress, but the general public is skeptical on the agreement and its potential to bring peace.
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