The government has rejected the takeover of the Ecopetrol (NYSE:EC) Gibraltar gas plant by the U´wa indigenous people in Norte de Santander, but ruled out taking it back by force until it has exhausted all other options.
The USO has offered up its services as a mediator between the government and U’wa indigenous people to end the occupation of Ecopetrol’s (NYSE:EC) Gibraltar plant.
Crude production fell below the 900,000bd mark, presenting a 1.79% slide compared to May 2016 to reach 888,000bd, as the government blamed low oil prices for the fallen produ
We might have called this ‘Small is Beautiful’. Comparing the national public oil companies (NOCs) using published financial results for 2015, the larger ones are ‘profitability challenged’ and the smaller ones do better.
The Constitutional Court approved the government’s plan to hold a referendum to accept or reject the peace agreements made with the Farc.
The General Controller has warned that both national and regional entities must reconsider their finances and plan to limit and correct their dependence on oil resources for public investments, although the central government does not believe investment for regions will be hard hit for now.
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