With a sudden surge in guerrilla-initiated activity in the Llanos, security incidents near oil and gas infrastructure went up to 31 this week, below recent and long-term averages.
Government officials are meeting in the President’s office to form a new strategy to confront the problems that are cutting into average crude production figures, meanwhile the value of government bonds has already taken a dive as a result.
We originally thought it was just Pacific Rubiales (TSX:PRE) that had taken its shareholders on a ride this month but a closer look shows Ecopetrol (NYSE:EC) on somewhat the same journey.
Call it amnesty, call it impunity, the question of how much justice will have to be sacrificed to reach an agreement and demobilize the guerrilla sits top of mind in the peace process.
The delay-plagued modernization and expansion project at the Cartagena Refinery (Reficar) should be finished in December of this year, with an operational start for the 16 new refining units in the second quarter of 2015.
Led by the Governor of Casanare Marco Tulio Ruiz and the director of social responsibility for the Colombian Petroleum Association, Miguel Angel Santiago, members of the Casanare Oil Industry Committee (CINPAC) met to evaluate the advances of a social investment agreement for 2013-2014.
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