The country is facing times of high legal uncertainty because of the boom in popular consultations against the oil and mining sectors. Mauricio Cárdenas, Minister of Finance, talked about this situation and consequences of these actions.
The Ministry of Mines and Energy (MinMinas) announced an increase in fuel prices. The Federation of Freight Transport Businessmen (Fedetranscarga) spoke about the high cost of fuels in Colombia.
Equion, Occidental de Colombia (Oxy) and Ecopetrol (NYSE:EC) announced the successful development of CSR projects in the departments of Casanare, Arauca and Huila. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
An initiative to improve the direct allocation of royalties to oil producing regions was filed by Congressman Jorge Camilo Abril, and Collegiate Bodies for Administration and Decision (OCAD) in Magdalena and Bogotá announced the development of new projects. These and other stories in our Royalties periodic summary.
Colombian regions continue to block the development of the mining industry; this time it is Ibagué, Capital of the department of Tolima. Camilo Delgado, a member of the Liberal Party, spoke about this decision.
The oil sector is facing difficult times due to the boom of anti-oil referendums. The Colombian Petroleum Association (ACP) published itsE&P Investment Trend Study. The association interviewed 21 presidents of oil companies in Colombia, which represent 97% of crude production.
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