The Army and the Police carried out a series of operations that led to the confiscation of over 3,000 gallons of fuel that were being illegally transported through the country, Ecopetrol (NYSE:EC) reported that attacks against the Caño Limón-Coveñas pipeline continue, and authorities showed their concern regarding the expansion of dissident Farc groups in different departments of the country. The development of these and other stories in our periodic Security Summary.
Ecopetrol (NYSE: EC) made public its financial results for 2016. The company notes that it did well despite the difficult circumstances. The NOC exceeded its production target and presented positive financial results.
January, Brent averaged US$55.89 and in February US$56.24, a less than 1% change and identical in percentage terms to the change between January 2017 and December 2016. Yawn!
Huila’s inhabitants showed their rejection against this year’s fuel surcharge in the department.
As a way to protest against the low salaries and lack of health benefits that Ecopetrol (NYSE:EC) allegedly imposed to its workers, USO announced a ‘national mobilization and protest day’. The Union also denounced supposed threats against its Magdalena Medio leaders, and reported it is currently mediating between the NOC and communities in Putumayo.
Three tax experts from Bogotá-based law firm Briggard & Urrutia gave us their opinions on the impact of the December 2016 Tax Reform on oil and gas companies.
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