Some publicly traded E&P companies used to complain about a “Colombia discount” believing that investors undervalued their shares because of perceived defects in the Colombian environment (usually the ‘unholy Trinity’ of security, social conflict and environmental licensing).
The Coveñas Caño Limón (CCL) pipeline has been the main target of terrorist attacks in recent years by illegal groups, mainly the ELN. This illegal group reactivated the attacks against CCL just hours after the bilateral ceasefire expired.
Of the 54 pending consultations, only ninehave been promoted by locals in oil producing regions; five are being promoted by Mayors; threeby councilors and four by one citizen.
Investigations on the Reficar scandal are ongoing in Colombia. A judge made a decision about two former directors investigated in this legal process.
Ecopetrol’s (NYSE:EC) Manager of Social Prosperity, Francisco Noguera, announced social projects that represent investments of more than CoP$15.7B for the municipalities of Aguazul and Tauramena (Casanare).These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for January 2018. The ministry started the year with conservative measures, as there were no substantive changes.
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