Medellín’s Mayor, Federico Gutiérrez, and the Inspector General, Fernando Carrillo,complained about the NOC’s alleged lack of response to the repeated requests for improvingthe quality of its fuels. The development of these and more stories in our periodic Eco summary.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for February. As expected, these increased and the government found the perfect excuse to justify this behavior.
According to experts, complying with international environmental standards represents the greatest challenge for Colombia to continue with its energy sustainability, but achieving this goal is a challenge itself.
The Ministry of Mines and Energy (MinMinas) increased fuel prices for February. As expected, representatives of different sectors reacted against this action, but others defended it. The Commercial Vendors Association (Fenalco), the Colombian Association of Petroleum Engineers (ACIPET) and the Colombian Federation of Cargo and Logistics Transporters (Colfecar) spoke on this subject.
USO showed its dissatisfaction towards UT Ecolog’s position. The transport and logistics company allegedly did not show willingness to talk to them, so the union announced the sabotage of activities at Ecopetrol’s (NYSE: EC) warehouses until the firm changes its mind.
We did not publish our usual security summary for December 2017 even though it was the end of the quarter and the end of the year. By the time we started operations again after the year-end holiday period, the bilateral truce with the ELN was already over, ending literally with a bang. It made more sense to wait until the end of January.
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