Colombia’s Central Bank (Banrep) released final 4Q17 Foreign Direct Investment (FDI) figures for the country. This increased considerably in the sector compared to same period last year. Total FDI grew as well.
The Administrative Court of Casanare made a decision on El Portón project. Communities took legal action against this project and Gran Tierra Energy (TSX: GTE) had to stop activities there some months ago. However, a new chapter is beginning in this process.
The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the challenges and opportunities of the industry in Colombia and other Latin American countries.
The dispute between Ecopetrol (NYSE: EC), its outsourced workers and the USO is ongoing, affecting activities at Barrancabermeja’s refinery and Reficar.
Certainly, one of this year’s top stories so far has been the resumption of attacks by the ELN after the end-of-year truce. But after a particularly violent first week, things have settled down somewhat.
There was much prior speculation about perverse outcomes and a colossal logistical failure but in the end the expected happened and the top two ranked Presidential candidates made it through their respective primaries. The elections for Congress and Senate were more interesting.
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