Every quarter we track the so-called ‘Colombian discount’ – the apparent penalty that the stocks of Colombia-focused producers bear relative to their global peers.
The union gave a report two months after having signed the Agreement with Ecopetrol’s (NYSE: EC) management.
At the third congress of the Colombian Petroleum Association (ACP), Minister of Mines and Energy (MinMinas) Germán Arce spoke about the economic benefits that the industry has brought to the country. These and other stories in our periodic Royalties summary.
Minister of Mines and Energy (MinMinas) Germán Arce, said that offshore investments in the country exceed US$700M.
The boom of anti-oil and mining referendums has generated much controversy around the country, as this is affecting the development of these sectors, legal security and many investments. Some politicians talked about these popular mechanisms.
Possible modifications to the General System of Royalties (SGR) were discussed at the third congress of the Colombian Petroleum Association (ACP); presidential candidates gave their opinion on the matter.
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