The government created the carbon tax with the aim of generating resources for the protection of the environment, but a conflict has arisen between the Ministry of Finance (MinHacienda) and the Ministry of Environment (MinAmbiente) over the use of this tax.
USO Arauca spoke about the results of the negotiations with the firm, regarding labor rights of its workers.
Finally, the ANH published detailed, field-level results for 4Q17 so we can do our quarterly ‘Winners and Losers’ analysis. As always there was much individual variation, but winners tended to be larger than losers, hence our title.
This will be published on Monday May 14, a Colombian holiday (Ascension Day if you are curious) and the start of the final push for Colombia’s Presidential elections (on May 23rd). Two weeks from today we should have significantly more clarity on the next Government and so significantly more clarity on oil policy for the next four years.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for May.; these increased and the entity explained the reasons for the new rise. Representatives of the sector also spoke about prices behavior.
Despite political and social problems, Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) remain firm in their decision to bet on Colombia’s potential.
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