This week’s “From our Analyst’s Desk” deals with market concentration, an economic concept regulators use to decide if there is or is not sufficient competition in an industry. That was a Colombia-wide view. Here we break down the results by basin.
The Colombian press revealed an investigation with the names of those who, during negotiations with Glencore, approved the entry of CB&I as Reficar’s construction engineering firm.
An environmental campaign to promote Ecopetrol’s (NYSE:EC) positive impact on the environment was launched in Meta, and the ANLA did not find oil traces in Campo Rubiales’ land or water resources after the oil spill that took place in December. These and other environmental stories in our periodic summary.
Ecopetrol (NYSE: EC) reported that the number of illegal actions decreased last year compared to 2015 in the Middle Magdalena. Despite this, the company suffered over US$700,000 in deferred revenues over the past two years.
The Commission for Regulation of Energy and Gas (CREG) presented its proposed action plan for this year. The entity has big regulatory ambitions for natural gas and propane.
Improve investment and productivity levels, start the production phase in the Lorito and Troglón wells in Guamal, Meta, consolidate 10,000 jobs and educate the locals about the myths around the industry’s impact on the environment are the industry’s five challenges in Orinoquia.
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