The Tumaco Department continues to suffer from the affects of the historic oil spill in the Mira River, meanwhile a bill was ratified that would protect the country’s parámos. These and other environmental stories in our periodic summary.
After much local fanfare to call for a modernization of the Barrancabermeja Refinery, Ecopetrol (NYSE:EC) reaffirmed that it would enact projects in stages to improve the facilities.
The growing demand for Natural Gas Vehicles (NGV) could quicken if new vehicles for the transport industry become available, but the process to receive tax benefits for the “cleaner” vehicles and questions on supply hold the market back.
Municipal authorities of Arauca are alleging that Ecopetrol (NYSE:EC) has been favored in local zoning ordinances, which they say were designed to let the NOC continue with its expansion of Caño Limon facilities.
We were all happy with average production over 1mmbd in 4Q14. We were even happier with an average more than 20mbd higher during the first five months of 2015.
Contributor David Yanovich wrote this article for Revista Dinero with the play-on-words title “El peso del dolar” which unfortunately does not translate as cleverly in English.
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