Ecopetrol (NYSE:EC) announced “the largest gas discovery found in the last 28 years in Colombian territory,” but the announcement just might be larger than the importance of the discovery itself.
The history of the mining and oil industry in Colombia took a turn after the popular consultation that took place in Cajamarca last month. Industry expert Francisco Miranda analyzed the situation.
The Secretary of Finance of Barrancabermeja in an inspection process found some irregularities in Ecopetrol’stax return (NYSE: EC) during 2014 and 2015.
Total incidents near oil and gas infrastructure were up sharply last month (from 22 to 32) but that was mostly due to Armed Forces activity.
The Union said that Attorney General Nestor Humberto Martinez’s findings in the Reficar case are only a part of what it was actually lost in the refinery’s construction.
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