A feature in a national magazine explores the case of the Emerald Energy’s Nogal Block in Caquetá, which it says has become a symbol of resistance against oil production in the Amazon.This and other stories in our periodic summary.
The scandal surrounding the Cartagena Refinery (Reficar) might have fallen to a secondary status, but continues to make headlines. A Senate hearing last month, accusations of environmental damage and a full audit by the General Controller’s office have all taken shape over recent weeks.
When the World Economic Forum opens its Latin American conference in Medellín this week, the Finance Minister Mauricio Cárdenas will unveil “the new economy” of Colombia, which is no longer dependent on oil prices or minerals, but instead on large agroindustry projects and tourism.
Ecopetrol’s (NYSE:EC) export distribution in 1Q16 showed a big shift to the US, the Gulf Coast in particular, and away from the Far East, which had been a strategic market for the NOC.
The USO has again railed against proposed changes to Ecopetrol’s (NYSE:ECP) health benefits, which it alleges will lower the quality of health professionals and put its workers at greater risk.
The restructuring process of Pacific E&P will take place in the Canadian legal system after both US and Colombian authorities announced they would support this process, although Colombian regulators have ordered the firm to guarantee payments for its Colombian creditors.
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