As the polls predicted, the Centro Democrático’s candidate, Iván Duque, won the Colombian Presidential elections and will be sworn into office on August 7th. Investors breathed a collective sigh of relief. Had his opponent, Gustavo Petro, won, uncertainty would have increased considerably.
Ecopetrol (NYSE: EC) reported in new oil spill in Colombia, this time the Magdalena river is affected. The NOC announced the activation of a contingency plan to deal with this situation.
The National Hydrocarbons Agency (ANH) announced a new regulatory framework that would make Colombia’s oil contracts one of the most competitive in the region.
The Works for Taxes program is one of the most interesting ideas by the Colombian Government that we have seen in a long time. This program began with several projects and a large budget approved by the Superior Council of Fiscal Policy (CONFIS).
The Colombian Association of Petroleum Engineers (Acipet) spoke about its concern regarding the treatment that some of Ecopetrol (NYSE: EC) engineers received after the incident in La Lizama.
It has been many months since we updated our chart of showing the discount of Vasconia blend to Brent. Vasconia is the country’s most emblematic crude.
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