Maybe finding gas has been seen as only a long double base hit, great news, but short of the high hopes of a home run. But the market forces in Colombia offer some protection from the turbulence of the global crude oil industry.
The new president of Ecopetrol (NYSE:EC) Juan Carlos Echeverry has made his first statements to the press, saying the NOC will focus on its most valuable fields, the Cartagena Refinery and offshore exploration.
After three weeks of blockades and protests from the El Morro community, which has led the the halt of operations at Equion’s Floreña well and facilities, community leaders have sat down with the firm and submitted eight demands that they are looking to see fulfilled.
President Santos insisted that although ending the armed conflict through dialog is his priority, if the Farc is being brutish, he will end negotiations, while countering criticisms from the outspoken Inspector General Alejandro Ordóñez.
New Ecopetrol (NYSE:EC) CEO Juan Carlos Echeverry made positive (although qualified) comments about fracking. Newspapers picked them up but those were the first positive reports we had seen for a long time.
Putumayo entities have suspended a dialog with the government and threatened another strike, while Parex commits to building another road in Aguazul. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
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