The discussion of fracking generates much controversy in the country. Luis Gilberto Murillo, Minister of Environment, spoke about this technique and its possible implementation in Colombia.
Last week, the ‘Relevance of Exploration Projects in the Special Management area of La Macarena (AMEM) and the Ariari region’ public hearing, took place in the Senate of the Republic. Topics such as fracking and environmental impacts in the AMEM region were also discussed. HCC attended the event.
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.
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