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Peace Process week of January 26: Agreement still far off says Farc

Farc commander Rodrigo Londoño Echeverri, alias ‘Timochenko’ criticized the government and called for a transitional process that is applied equally to former guerrilla members and the armed forces.

Thursday, January 29th, 2015
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The mythical mystical WTI-Brent gap and the oil price slide

The mythical mystical WTI-Brent gap and the oil price slide

Crude oil price benchmarks WTI and Brent are not identical so there is a gap. Some think the gap has some physical meaning. Others believe it is tautological: the consequence of different economic forces acting on each benchmark price.

Thursday, January 29th, 2015
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Labor cartels affecting viability of projects, says Campetrol

With low international oil prices, practices that increase costs for companies like the use of intermediaries to place workers are even more damaging since it can be enough to make a project unprofitable.

Thursday, January 29th, 2015
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MinLabor meets with companies, workers to address labor force

The Minister of Labor Luis (Lucho) Garzon led a meeting on Wednesday with workers, company representatives and government officials to address to potential impact that labor cuts could have on the oil regions. This is a follow-on to an article we published yesterday.

Thursday, January 29th, 2015
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Turkish NOC to enter Colombia

Turkish NOC to enter Colombia

State owned Turkish firm Turkish Petroleum International Company has received its environmental license from the National Environmental Licensing Agency (ANLA) to proceed with a project in Norte de Santander.

Wednesday, January 28th, 2015
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Tough year for Ecopetrol

It is safe to say that Ecopetrol (NYSE:EC) is confronting one of its toughest years in 2015, with a complex scenario both internally, as it searches for a new president, and externally, as the fall of oil prices cuts into its exploration budget and future revenues.

Wednesday, January 28th, 2015
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