USO is not happy with Ecopetrol’s (NYSE:EC) decisions regarding Barrancabermeja’s refinery modernization plan, and the alleged ‘persecution to syndical leaders’ the NOC has exerted on its directives. The Union called for social mobilization acts across the country.
Attacks on the oil infrastructure are constant in the country and the Caño Limón-Coveñas pipeline has been one of the most affected. Ecopetrol (NYSE: EC) revealed figures on the impact.
Revisa Dinero columnist Gregorio Gandini recently showed a graph that seems to show fairly clearly that the Colombian peso and oil prices are almost perfectly (negatively) correlated.
A couple of weeks ago, we reported an announcement by ANH head Orlando Velandia that the long-anticipated Agreement 2 was ready. I wondered why only one newspaper picked up the story and now we know: it is not ready.
The Colombian government already identified 43 blocks apt for using unconventional techniques. This has caused major controversy among environmentalists in the country.
The government decided to liquidate the energy distributor Electricaribe and its owner, Gas Natural Fenosa has sued Colombia. The United Nations Commission on International Trade Law (UNCITRAL) will be the judge.
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