The USO said Ecopetrol (NYSE:EC) management’s actions are a clear “declaration of war” on their movement, and that they leave the union no other option but to respond to them in an aggressive way. The Union called for a national strike to reject the NOC’s management ‘aggressive’ actions towards social leaders.
GasEcopetrol’s (NYSE:EC) Exploration Vice President, Max Torres, said that gas discoveries in offshore wells could help meet domestic demand, since a gas deficit is expected by 2021.
GasOrlando Cabrales, President of Naturgas, said that the sector’s offshore plans for this year are historical for the country. The industry is optimistic about the possible results of these projects.
The sector is investing in oil transportation infrastructure in the country. The industry is betting on transporting at least some of the crude through the Magdalena River.
Earlier this week, ELN said actions needed to be taken soon to reduce the intensity of the conflict. However, the guerrilla’s actions are showing the opposite of what they say they want.
The graph shows fuel producer prices – what Ecopetrol (NYSE:EC) receives – which are unaffected by the so-called “Green Tax”. We think the graph shows Colombians are still paying too much although the gap has reduced somewhat.
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