Colombia wants to take advantage of the Magdalena River’s potential, especially in the transport sector. Authorities have started to promote the development of this important river, but some associations are showing their concerns about the slow progress.
Ecopetrol (NYSE:EC) CEO Felipe Bayón did an interview on local television recently, addressing Reficar, La Lizama and Presidential candidate Gustavo Petro’s alternative view of the oil industry.
About a month ago, one of the country’s leading business newspapers, published an article on Ecopetrol’s (NYSE:EC) results with the brilliant title “Ecopetrol does not give up its position as the leader in hydrocarbons”. Considering that the NOC produces ten times what the next company does this does not show a lot of insightful analysis on the part of the headline writer.
Raul Gallegos is Control Risk’s Associate Director based in Bogotá and he keeps an eye on extractive industries. Here he addresses the challenge of royalties in the context of social conflict and with the backdrop of the upcoming Presidential Elections.
Oil production in Colombia showed stable performance throughout 2017, but how have the main producing regions in the country fared? The National Hydrocarbons Agency (ANH) reported 4Q17 figures and we updated our database to analyze the top producing departments.
With less than two months left in this government, the most important measure from the package announced in September 2015 is not going to happen. The bureaucrats have effectively killed the idea of permanent block assignments by avoiding doing anything before time expired.
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