Magdalena’s Collegiate Body for Administration and Decision (OCAD) prioritized the construction and remodeling of sport fields, recreational parks, bridges and urban roads during its last session. These and other stories in our periodic Royalties summary.
The NOC’s management said that it will finance infrastructure projects while simultaneously working on closing educational gaps.
The development of offshore projects generates high expectations in the Colombian Caribbean and there have been positive results in a short period. The Zona Franca Palermo (ZFP) started operations and had a good 2017.
No surprise at this stage of the proceedings but the union expressed its dissatisfaction with the economic proposal that Occidental de Colombia (OXY) offered them.
Financial results for 4Q17 are in and crude oil netbacks are up. Hardly surprising given the run up in oil prices, but it looks like not all the growth in Brent is passing through directly to operating profitability.
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