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USO accuses Ecopetrol of misrepresenting assets

The USO claims that Ecopetrol (NYSE:EC) has been misleading the value and potential of its assets so it can justify privatizing them, pointing out that multinationals have taken over fields with poor production and managed to improve them.

Monday, October 26th, 2015
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On the eve of peace: Guerrilla and paramilitary terrorism in hydrocarbon sector Part II

This is the second and final part of an article we published last week with the same title (1). Peace certainly looks closer now than it has for decades. That does not diminish the challenge as this article from Intelligence Petrolera’s Carlos Goedder points out.

Monday, October 26th, 2015
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Pipeline security and the peace process

Pipeline security and the peace process

At the ACP conference in mid-October, Ecopetrol President Juan Carlos Echeverry said peace was the most important success factor for the oil and gas industry.

Monday, October 26th, 2015
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Reficar finally in motion

President Juan Manuel Santos was on hand to receive the first shipment of crude destined for the modernized Cartagena Refinery (Reficar), with full capacity expected for the first half of next year.

Monday, October 26th, 2015
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What overruns?

A bit of spin is to be expected when government officials address strategic projects, but Minister of Finance Mauricio Cárdenas took it to a surprising level and asserted that the Cartagena Refinery really did not have overruns, rather its high cost was the fault of Glencore’s poor estimations in 2006.

Monday, October 26th, 2015
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Farc suspends courses due to army operations

Farc suspends courses due to army operations

The Farc claimed that despite a preliminary agreement, its unilateral cease fire and a halt of bombings from the military, the army’s constant operations against it have moved it to suspend its political and cultural courses.

Monday, October 26th, 2015
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