It did not take long for the commentary to start on the exit of the Ministry of Mines and Energy Tomás Gonzalez, who said he was leaving and taking the blame for not acting quickly enough to avoid possible energy rationing.
The Constitutional Court Decision on projects and the prior consultation process in Orito Putumayo and Puerto Gaitán, Meta have put the legal certainty of extractive projects in limbo, and more decisions are expected.
The National Hydrocarbons Agency (ANH) board of directors has approved regulatory changes to how it will assign blocks, and reports suggest it has taken into consideration at least some of the observations from the Colombian Petroleum Association (ACP).
Drawing parallels to the Cartagena Refinery, the USO has turned its attention to the delays and problems that have plagued the construction of an ethanol plant by Ecopetrol (NYSE:EC) subsidiary Bioenergy.
Ecopetrol (NYSE:EC) had been able to escape quarterly losses for much of 2015, buoyed by its transportation business and improved refining results. But its year end 2015 financial results could not escape a global trend of impairment charges from the low oil price, with the NOC posting a CoP$3.9T loss (US$1.23B)
Ecopetrol says that it has tapped Fernán Ignacio Bejarano Arias, who has worked with a number of public entities and boards, as its new legal vice president.
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