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Juan Manuel Santos, President of Colombia, proposed to approve projects financed with royalties through fast track. He said thisat the Mayors’ Summit in Valledupar and there are advances onthe initiative.
This week, national authorities reported successful operationsto fight Colombia’s illegal fuel market. Initiativesin the departments of Norte de Santander, Bolívar and Huila, led to de confiscation of more than 26,000 gallons of stolen fuel. The development of these and other stories in our periodic Security Summary.
Popular referendums have grown exponentially in recent years in Colombia. Several municipalities plan to hold consultations to ban mining or oil activities in their territories.
Vasconia is perhaps Colombia’s most ‘emblematic’ crude oil blend and last quarter the discount fell again, reducing the gap to Brent.
After 10 days of strikes and blockades, and almost three days of negotiations, the communities of ‘El Centro’ and Ecopetrol (NYSE:EC) signed the agreement that allows the reactivation of activities at La Cira-Infantas field.
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