Alejandro Martínez Villegas, President of the propane distribution association (Gasnova), is optimistic about the future of propane in the country. He mentioned that the construction of the new plant in Cartagena is vital to guarantee supply.
Apparently, everyone has an idea to modify the National General System of Royalties (SGR.) Projects to assign the budget required to re construct Mocoa and to allow the territorial National Pension Funds (FONPETs) to use their spare budget in social investment programs. These and other stories in our periodic Royalties summary
Colombia’s Central Bank released 1Q17 Foreign Direct Investment (FDI) numbers for the country and it decreased in the oil sector.
GasFelipe Bayón, COO of Ecopetrol (NYSE: EC) talked about gas prospects in Colombia. Oil is the most important resource today, but gas will increase its participation in the country’s production in coming years.
The oil industry’s help was paramount after the tragedy that took Mocoa by surprise earlier this month. This and other Corporate Social Responsibility (CSR) stories in our periodic summary.
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