As popular anti-oil referendums arise all over Colombia, the government and oil associationswent out to explain what the‘post- popular referendums legal uncertainty’ represents for Colombia.
A court in La Guajira issued a ruling against Promigas making it pay compensation for a guerrilla attack on its facilities. Some representatives of the sector talked about this issue and there is much concern about legal situation in the country.
The oil industry is facing difficult times, but this sector has an important role in the Colombian economy and in the State’s income. Ecopetrol (NYSE: EC), the main player in this industry, is vital to Colombian finances.
Ecopetrol (NYSE:EC) announced that 98% of its skilled and unskilled labor in Huila are locals, and that social investment programs in 53 municipalities of Colombia are developing in a successful way.These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Between the end of July and the beginning of August of this year, the National Hydrocarbons Agency (ANH) will start offering new blocks, following the permanent allocation scheme that it announced recently.
No, we are not shifting Hydrocarbons Colombia into mining. Yes, we already wrote about Cajamaraca. But this unfortunate decision sets difficult precedents for the oil and gas industry.
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