Editor’s Note: Warren Levy is familiar to just about everyone in the Colombian, and indeed Latin American, industry which he has been around for over 20 years.
This week’s graph shows rather dramatically why gas is attracting great interest in Colombia: since 4Q14, gas netbacks have been higher than oil netbacks.
The USO celebrated its 93rd birthday on February 10th and said that its past has been marked by defending Ecopetrol (NYSE:EC), and also called the National Hydrocarbons Agency (ANH) a failure which should be shuttered.
The recent decision of the Constitutional Court to prohibit oil activities in Orito, Putumayo goes much deeper than that particular municipality. It signals a shift in the balance of power between Bogotá and regions when it comes to extractive activities.
The director of the National Planning Department (DNP) and Ecopetrol (NYSE:EC) board member Simon Gaviria says that the NOC is preparing a dividend proposal that looks to protect its investment grade rating, and avoid being classified as a junk.
“What is signed in Havana will be subject to a plebiscite, whether the Farc likes it or not”, said President Juan Manuel Santos in reaction to an open letter from the guerrilla that it would not be the adequate legal or constitutional instrument.
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