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DNP’s Royalty Map: Substance or Show?

The National Planning Department (DNP) has been heralding its MapaRegalias as an innovative tool for citizens to have the latest information on royalty projects and update status on royalty funds in general at their fingertips.

Monday, January 11th, 2016
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Echeverry details the road ahead in 2016 for ECP

“Cash is King” says Ecopetrol (NYSE:EC) president Juan Caros Echeverry about the outlook for 2016. Apart from keeping a firm control on its costs, the NOC is also looking to both sell participation in some offshore blocks and acquire shares of blocks in foreign waters.

Monday, January 11th, 2016
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Senate president targets fuel tax amidst potential increase

Senate president targets fuel tax amidst potential increase

Senate President Luis Fernando Velasco has called on the government to eliminate the fuel tax to benefit the average consumer, while an expert panel convened to study the matter has recommended doubling it.

Monday, January 11th, 2016
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ACIPET says focus on new reserves

The Colombian Association of Oil Engineers (ACIPET) believes that the main focus of the industry and authorities this year should be to add 1B barrels of new crude reserves in order to position the sector for an eventual recovery of oil prices six or seven years down the road.

Monday, January 11th, 2016
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USO calls for national strike

The USO kicked off the new year by denouncing the policies of President Juan Manuel Santos and warned again that there are plans to hand over Ecopetrol’s (NYSE:EC) assets to private multinationals. A broad-scale national strike should be planned immediately, the union said.

Monday, January 11th, 2016
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ANH publishes draft new procedures for assigning areas: comments due Jan 31st

The National Hydrocarbons Agency (ANH) and MinMinas have been talking about a new procedure to assign areas for exploration and production since September. Finally in the very last week of the year, when government is normally shut down, the text has been published for comments. The comment period ends January 31st.

Thursday, December 31st, 2015
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