The Audience took place in Yopal, where Gran Tierra (TSX: GTE) presented a proposal supported by Orinoquia’s Regional Autonomous Corporation (Corporinoquia).
GeoPark (NYSE: GPRK), Equión and Ecopetrol (NYSE:EC), among others, reported on their social investment projects in the departments of Casanare, Meta and Santander.These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Most of the General System of Royalties (SGR) budget goes to the areas of infrastructure, education, culture, sport and recreation, mines and energy, and agriculture.
The offshore sector is the great hope of the Colombian government to guarantee self-sufficiency in the long term (at least in gas). Authorities are working on the regulation to approve the development of these projects and Luis Gilberto Murillo, MinAmbiente, spoke on this topic.
Undoubtedly, the big news this week is the prospect of peace with the ELN. I have been a skeptic but this week’s announcement of a bilateral ceasefire changes the odds.
The ELN guerrilla has launched many attacks against the oil infrastructure. The peace process with this guerrilla is progressing and the sector is benefiting greatly from this.
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