Since 2014, the share prices of Colombia-focused producers have underperformed their global peers, a phenomenon we call the ‘Colombia discount’. However lately, despite public policy challenges, the discount is slowly reducing.
Yesterday it was Pijao in Quindio and Arbelaez in Cundinamarca. Is it not time to ask if the government’s strategy should be revised?
The National Environmental Licensing Authority (ANLA) granted an environmental license to Ecopetrol (NYSE: EC) to develop offshore activities in front of La Guajira. The ANLA explained this decision.
Through a letter, the governor of La Guajira Weilder Guerra Curvelo, asked Juan Carlos Echeverry, CEO of Ecopetrol (NYSE: EC,) to link the department to the national economy.
The union joined protests of communities in Santander and Meta, and said that Ecopetrol (NYSE:EC) must comply with the agreement it has with indigenous communities that live near Campo Rubiales.
Julio Cesar Vera, president of the Colombian Association of Petroleum Engineers (Acipet) spoke about the subject.
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