It is becoming harder to explain to Colombians why they are supposed to tighten their belts fiscally because of lower crude oil prices but they do not see associated relief at the pump.
At the end of the month Ecopetrol must submit designs for a metropolitan aqueduct that will serve the municipalities of Cúcuta, Villa del Rosario and Los Patios, meanwhile the state oil firm is investing in paving works in Guamal. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
Political pressure on the regulatory framework to set natural gas prices continues to build uncertainty around the future prospects for the industry, as well as natural gas production and distribution.
The Magdalena River Autonomous Regional Corporation (Cormagdalena) has celebrated the first successful cargo convey on the Magdalena River, from Barranquilla to Barrancabermeja, the first step in recovering the important waterway for logistical use, including transporting hydrocarbons.
Following a flare up of violence at the beginning of the month after riot police intervened to remove protesters blocking the entry of machines for an oil exploration program, Caquetá remains tense and defiant.
There has been a brief flurry of press articles about unconventional technologies in the past three weeks but with low oil prices the industry has not been motivated to defend itself and the balance remains negative.
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