In a visit that included the Casanare governor Marco Tulio Ruíz, the royalty investment coordinator of the National Planning Department Camilo Lloreda made a visit to different projects that have been funded by royalties, and said he was left with “a very good impression”.
A study that included 105 companies in the Barrancabermeja and surrounding region found that there has been an increase in local hiring in general, with residents filling 76% of the positions in various industries.
Parex Resources (TSX:PXT) narrowed its net loss in the first quarter of 2015, and registered production above its projections for the period.
Responding to a report from the Ministry of Mines and Energy (MinMinas) think tank UPME which criticized subsidy support and tax breaks for biofuels, the industry association Fedebiocombustible responded, defending the use of ethanol and biofuel mixtures and rejecting the notion that it receives such benefits.
The Meta Department government has frozen more than half of its planned spending on projects that were to be funded by royalties as it prepares for a significant decrease in royalty funds in the next years. This and other stories in our periodic roundup of royalty related issues.
Incident counts were down to 28 but non-Armed Forces reported incidents were up so the decrease was due to less Army reporting.
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