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Liquidity concerns have government inspecting oil firms

The fall in the price of oil has moved the government to sound the alarms and start inspecting oil companies and contractors to verify their liquidity and ability to pay workers, suppliers and meet other obligations

Monday, February 9th, 2015
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MinAmbiente prefers pay for use over green tax

The Minister of Environment Gabriel Vallejo says that he wants to avoid creating green taxes, but instead install or enforce charges for actions that have an environmental impact.

Monday, February 9th, 2015
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Peace Process week of February 2: 2015 talks get started

The first round of talks in 2015 started on Monday, kicking off what President Juan Manuel Santos describes as “the most difficult stage” of the talks, as the issue of how to structure a post-conflict transition becomes the focus.

Thursday, February 5th, 2015
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Keeping Ecopetrol whole

Keeping Ecopetrol whole

On Tuesday we published our index graph of retail fuel prices through February and the average of WTI and Brent in pesos as a proxy for the price of a barrel of oil. We noted that retail prices were 20 to 30% above where they were in January 2010 even though crude prices were 15% below.

Thursday, February 5th, 2015
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More than half of companies want to move investment elsewhere

A study conducted by the Colombian Petroleum Association and Burson Marsteller with 37 oil companies in Colombia found that more than half of them want to move investment to countries with lower tax rates like the USA, Brazil, Peru or Mexico.

Thursday, February 5th, 2015
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Gas company eyes pipeline to Buenaventura

Gas distributor Gases de Occidente says that it is rolling out an expansion plan that includes small loans to its end customers and a potential natural gas pipeline to Buenaventura.

Wednesday, February 4th, 2015
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