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Ecopetrol declares commercial viability of Eastern Caño Sur block, adds 22.4M barrels of reserves

Ecopetrol declares commercial viability of Eastern Caño Sur block, adds 22.4M barrels of reserves

Ecopetrol (NYSE:EC) has declared to Colombia’s National Hydrocarbons Agency the commercial viability of the Eastern Caño Sur block, adding 22.4 million barrels of 1P reserves.

Thursday, December 5th, 2013
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Governors to call on Santos for greater decentralization

During the LXXII ordinary assembly of the 32 departmental governors the regional leaders will formulate a request for President Juan Manuel Santos to make a true push for greater administrative decentralization and regional autonomy.

Wednesday, December 4th, 2013
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MinMinas says fuel prices down yoy, outlines formula concepts

The Ministry of Mines and Energy (MinMinas) published an outline of the policy alignments of the formula to set fuel prices, and said that prices will remain stable in December and have actually shown a 4% decrease compared to last year.

Wednesday, December 4th, 2013
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MinMinas signs energy cooperation agreement with US government

The Colombian government, by way of the Ministry of Mines and Energy (MinMinas) signed a memorandum of understanding with the US government in Washington DC to cooperate on energy matters.

Wednesday, December 4th, 2013
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Beware of Stereotypes: Royalties

Beware of Stereotypes: Royalties

It is far too easy to use stereotypes. We at HCC are as guilty as anyone of saying things like ‘heavy Llanos oil’. The phrase ‘Colombian royalties are 20%’ comes too easily to the tongue. The graph clearly shows the diversity of royalty percentages in the country and by basin.

Wednesday, December 4th, 2013
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Army takes to the streets in Arauca to improve security

After a swell in security incidents in recent months in Arauca the Colombian Army has deployed a tactical unit to maintain order and guarantee mobility within the department.

Tuesday, December 3rd, 2013
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