The Chamber of Representatives took a look at the issue of fracking as part of the debate over the 2015-2016 royalty budget, calling on representatives from industry associations and private companies.
The Finance Minister (MinHacienda) Mauricio Cárdenas said that an agreement has been reached with congress that will see a phasing out of the wealth tax on companies by 2018, although it will maintain the tax for individuals.
A volatile week for the peace talks after General Rubén Darío Alzate ended up in Farc hands, causing the government to suspend talks on Monday. An agreement appears to be in place that would liberate him and two other hostages, but many questions still remain.
Latin American oil and gas producer Geopark (NYSE:GPRK) saw its overall production grow 66% year-over-year to reach 21,548bd in its overall production, with a 68% increase in Colombia to reach 11,934bd.
The president of the Colombian Petroleum Association (ACP) Francisco Lloreda Mera touched upon the falling price of oil, tax reforms and the outlook going forward, reinforcing the strategic position of the industry for government income.
Ecopetrol (NYSE:EC) gave a summary of its Corporate Social Responsibility (CSR) projects in Arauca and Casanare, while Amerisur participated in a program that converted families growing coca to pepper crops after 24 years of illicit farming. These and other stories in our regular round up of CSR related stories.
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