The Regional law project presented in December 2017 has generated raised expectations with local authorities and concerns in some political parties. The National Federation of Departments is promoting this proposal and there have been important advances.
Henry Ruiz Molina, Executive President of the National Federation of Fuel and Energy Distributors (Fendipetroleo), spoke about the sector, prices and biofuels.
The Awá indigenous communities sued Ecopetrol (NYSE: EC) before Cundinamarca’s Administrative Tribunal, arguing an alleged violation of their fundamental rights.
The change to the General System of Royalties (SGR) has been one of the main causes of social discontent against the oil industry in recent years. Iván Duque, Presidential Candidate, spoke on this subject in the departments of Casanare and Meta.
The General Comptroller’s Office investigated projects financed with royalties’ resources in Casanare; a department known for its irregularities in the use of these resources. These and other stories in our periodic Royalties summary.
The oil sector considers that unconventional projects are the key to guarantee energy self-sufficiency in the long term. Barrancabermeja has potential in these types of projects, but Dario Echeverri, mayor of the city, made a proposal that could affect several plans in the region.
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