This will be published on Monday May 14, a Colombian holiday (Ascension Day if you are curious) and the start of the final push for Colombia’s Presidential elections (on May 23rd). Two weeks from today we should have significantly more clarity on the next Government and so significantly more clarity on oil policy for the next four years.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for May.; these increased and the entity explained the reasons for the new rise. Representatives of the sector also spoke about prices behavior.
Despite political and social problems, Chevron (NYSE: CVX) and ExxonMobil (NYSE: XOM) remain firm in their decision to bet on Colombia’s potential.
One of communities’ main demands is the hiring of local labor. Ecopetrol (NYSE: ECP) reported figures for the number of jobs created during the first quarter of this year and locals represented the majority in these new positions.
Tourists found a dark spot in Coveñas, and although environmental authorities visited the area and confirmed that it was not an oil spill, local tourism and animals were affected by the issue. The development of these and more stories in our periodic Eco summary.
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