The oil sector has to face many challenges to operate in Colombia and social conflict is one of the main ones. However, this time communities are asking for the sector’s collaboration to produce natural gas in their region.
Ecopetrol (NYSE: EC), Equion, Frontera Energy (TSE: FEC) and Geo Park (NYSE: GPRK) spoke about their successful social investment projects in Casanare, Santander and Huila, among others. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports in July. This increased compared to the same period last year and the extractive sector played a key role in this behavior, once again.
In addition to the popular actions recently filed to try and stop the implementation of fracking in Colombia, now a group of lawyers filed a bill that seeks its prohibition.
Colombia continues to discuss about alternatives to guarantee energy self-sufficiency in the long term. The country has great potential to increase its gas production and the Caribbean is positioned as one of the main regions for the future of this fuel.
Ecopetrol (NYSE: EC) rejected the union’s violent acts in La Cira-Infantas field (Santander); one of Colombia’s main producing fields.
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