Ecopetrol (NYSE:EC) president Juan Carlos Echeverry believes the main challenge of Colombia’s oil industry is to attract and maintain investment. And he stuck to the government’s game plan: that the best way to do this is through achieving peace, not lowering taxes on companies.
The recent Colombian Petroleum Association (ACP) congress brought experts from all over the world, and a number of them offered a common theme in their presentations: to stay competitive the regulatory framework and fiscal policy must adapt to the industry.
The twisted system which dictates local hiring in Meta for oil projects is getting more attention, and a local paper says that the murder of community leader Edith Santos just over a year ago has helped unveil the dark process and its benefactors.
In its latest accusation against Pacific E&P (TSX:PRE), the USO claims the firm has been actively campaigning to block its workers from joining the union ranks, and so will take legal action against the operator.
Last week we commented on the biofuel association’s attempt to win friends and influence people over rising – or at least not falling very fast – fuel prices, blamed by MinMinas on the association’s products: ethanol and biodiesel.
Editor’s Note: If the news from Havana is to be believed, we are less than six months away from the signing of a peace accord with the Farc.
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