Former Colombian Central Bank head, Miguel Urrutia published a spirited defensive of high gasoline taxes. It appears the Colombian government is listening.
Production and logistical costs in Colombia are above the average for other South American producers, creating a liability in a time of low oil prices.
Following a meeting between the USO oil workers union president Edwin Castaño and a number of government ministers, vice ministers and the head of the National Planning Department (DNP) Simon Gaviria, the union said that it would not hold an indefinite strike after Gaviria made statements that Ecopetrol would not be privatized.
Despite the well-documented glut of oil in the US – which has (depending on viewpoint) contributed or caused the dramatic fall in oil prices since mid-2014 – Ecopetrol (NYSE:EC) actually increased its exports to the US in 4Q14.
Ecopetrol makes top ten list for Colombian CSR while the company receives attacks for allegedly canceling the reconstruction of a Villavicencio school. These and other stories on Corporate Social Responsibility (CSR) in our periodic summary.
The Colombian Petroleum Association (ACP) has again called on the government to take immediate action to avoid that more exploration projects are shuttered or halted.
2026, Hydrocarbons Colombia, All Rights Reserved.
