Colombia’s Central Bank released Foreign Direct Investment (FDI) and related figures for 2015 and the 1Q2016, showing a drop in both investment received and the profits obtained locally due to these investments, although some other sectors show signs of recovery.
Senator Fernando Araújo pointed out the benefits that the modernized Cartagena Refinery (Reficar) has contributed and will bring to the local community, and called for specific investments to mitigate faulty infrastructure in the nearby communities.
Juan Carlos Echeverry, Ecopetrol’s (NYSE:E) president, said in an interview that the NOC has been going through a deep cultural change prompted by the fall in oil prices. Local hiring, community relations, the ability to “sacrifice barrels” and environmental matters are some of the areas affected.
We have not done this graph for a while but a recent newspaper article which we thought was misleading inspired us to do it.
The ELN guerrilla group released three journalists, first Spanish citizen Salud Hernandez and then two RCN Noticias reporters, as the group continues to defy the government, complicating the potential start of peace talks.
The National Hydrocarbons Agency (ANH) said it will work more closely with local leaders in identifying and preventing community conflicts with the hydrocarbons industry, as the second phase of its Hydrocarbons Territorial Strategy (ETH).
2026, Hydrocarbons Colombia, All Rights Reserved.
