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Gasoline is cheap in Colombia

Gasoline is cheap in Colombia

Although at the beginning of this year the National Government raised gasoline prices because of the new ‘Green Tax’, Colombia has one of the lowest prices in South America, according to data from Global Petrol Prices.

Wednesday, January 18th, 2017
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Government reduces crude production target

Oil production will continue to fall. The National Government estimated it for the financial plan for 2017 and some days ago, Mauricio Cárdenas, Minister of Finance, presented this plan.

Wednesday, January 18th, 2017
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More that US$81M in royalties were wasted in 2016

According to the most recent audit report from the General Comptroller, royalties left by oil production and extraction in Colombia were not used in the best way by 17 departments and 22 municipalities.

Wednesday, January 18th, 2017
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CSR Update: Putumayo competitiveness

Ecopetrol and Putumayo’s Chamber of Commerce invested to improve competitiveness in science and technology and Bancoldex and Norte de Santander’s tourism sector are rehabilitating fuel smugglers. These and other Corporate Social Responsibility (CSR) projects in our periodic summary.

Wednesday, January 18th, 2017
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Low oil production hits southeast region’s economy

The panorama presented by the Regional Economic Bulletin (BER) for the departments of Meta, Casanare, Amazonas, Guainía, Guaviare, Vaupés and Vichada, corresponding to 3Q16 was not very encouraging. 2017 will bring big challenges for Colombia’s southeastern region’s economy.

Tuesday, January 17th, 2017
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ANLA denies environmental license in Putumayo

W Radio reports that the National Agency of Environmental Licensing (ANLA) denied an environmental license to Gran Tierra Energy (TSX: GTE) for exploratory work in Orito, Putumayo.

Tuesday, January 17th, 2017
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