The Colombian Chamber of Oil Goods and Services (Campetrol) published an analysis of global oil operators and found several examples of firms which were able to reduce costs, but still invest in E&P and grow reserves. However, it said Ecopetrol (NYSE:EC) was not one of them.
The president of Equion, María Victoria Riaño, said that the main problem facing the company today is “civil disorder” at the national level, affecting investment and company results, fueled by a lack of clear rules.
Carrying on from last week’s commentary, thoughts on the disconnect between Bogotá and the countryside. The memory of an old Star Trek TV episode merged with the ‘Athens of the Americas’ and the ANH’s ‘Territorial Strategy’.
Last week the Constitutional Court approved the government’s proposed referendum on the peace agreements with the Farc. The Colombian people still have their say, but the last legal hurdle has been surmounted.
The government and striking truckers signed an agreement last Friday to end a violent and costly 45 day strike, which affected various other economic sectors. Now the first details of the agreement have started to reach press
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.
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