Ecopetrol (NYSE:EC) has started executing an exploratory campaign using a Vibroseis truck in three different municipalities in the Caquetá department, and promised both work and investment for the local population.
The management of the Cartagena Refinery (Reficar) has responded to accusations of environmental damage from the nearby settlement of Pasacaballos, saying it meets all the requirements and takes care to protect the environment. This and other environmentally related stories in our periodic roundup.
The Chamber of Oil Goods and Services (Campetrol) said that the current complications, court decisions and low prices facing oil production will contribute to a 11.9% year-over-year for 2016’s average daily production, to render 885,000bd of crude output for the year.
While the political clamor to modernize the Barrancabermeja Refinery continues, the facilities reported a net profit of CoP$238B (US$77.7M) in the first quarter of 2016, which represents a 360% improvement over the same period in 2015.
At least 90 cacao producers from Putumayo participated in a cacao ‘summit’ which took place in the department to debate the future of the industry, made possible with the support of Ecopetrol (NYSE:EC). This and other Corporate Social Responsibility (CSR) stories in our periodic summary.
Even one of Colombia’s main business publications has questioned statements from the Minister of Mines and Energy Germán Arce, who argued that the technique should be applied in Colombia. What can be expected from the popular press?
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