Revisa Dinero columnist Gregorio Gandini recently showed a graph that seems to show fairly clearly that the Colombian peso and oil prices are almost perfectly (negatively) correlated.
A couple of weeks ago, we reported an announcement by ANH head Orlando Velandia that the long-anticipated Agreement 2 was ready. I wondered why only one newspaper picked up the story and now we know: it is not ready.
The Colombian government already identified 43 blocks apt for using unconventional techniques. This has caused major controversy among environmentalists in the country.
The government decided to liquidate the energy distributor Electricaribe and its owner, Gas Natural Fenosa has sued Colombia. The United Nations Commission on International Trade Law (UNCITRAL) will be the judge.
The National Hydrocarbons Agency (ANH) awarded two blocks for E&P to Ecopetrol (NYSE: EC) and YPF S.A. in San Andrés. Environmentalists spoke out against this measure and now the Administrative Court of San Andrés had ruled on this. Now the State Council has confirmed the ruling.
This Wednesday, with 53 votes in favor and 2 against, the Senate approved the enabling legislation for the Special Jurisdiction for Peace (JEP) that judges war crimes from Colombia’s armed conflict.
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