Equion and Ecopetrol (NYSE:EC) spoke about their social and environmental projects that aim to make a positive, long lasting impact on Colombia’s forests,while creating opportunities for young people in the regions during the peace building process. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Prior consultations have created legal uncertainty in Colombia, as they have affected many investment projects and the development of several sectors in the country. The government wants to legislate a solution to this problem.
The president of the Colombian Petroleum Association (ACP), Francisco José Lloreda, spoke about the negative effect that popular consultations have had on the industry’s performance in Colombia.
The main reason Colombia hit 1mmbd and the main reason it has been hard to get back to 1mmbd has been Rubiales field.
Geopark Limited (NYSE: GPRK) announced its financial and operational results for the three-month period ended June 30, 2017. The company achieved record consolidated production and extraction in Colombia keeps “climbing”.
A report by the Colombian Petroleum Association (ACP) shows that 70% of the variables of the Multidimensional Poverty Index showed better results in oil producing regions than in those that do not develop oil activities.
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