The Colombian Chamber of Oil Goods & Services (Campetrol) has led an agreement signed between its 191 members that looks to denounce and prevent cases of corruption in the oil industry.
The Ministry of Mines and Energy (MinMinas) will meet this week with representatives of coal miners Cerrejón and Drummond, as well as Ecopetrol (NYSE:EC) to discuss Coal Bed Methane (CBM) that has been the center of conflict between the two coal miners over an unclear concession.
The USO says that a strike of contracted workers last week has “changed the dynamics” of negotiations to reach a new collective bargaining agreement with Ecopetrol (NYSE:EC), but warned that much work is still pending to reach the final accord.
In his inaugural speech of his second term, President Juan Manuel Santos told the Farc that Colombians had their limits. However, incidents went up to 48, well above recent and long-term averages.
Ecopetrol (NYSE:EC) was responsible for more than half of the research and development projects certified by state innovation and research agency Colciencias to obtain tax benefits in 2013.
Strikes, blockades and demonstrations flared up this week in different parts of the country and sectors, all supporting a wide variety of causes, but with one central target: the oil industry.
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