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Five mayors, millions in royalties and no progress: the case of San Onofre

The municipality of San Onofre has been through five mayors in the last year and a half, not to mention more than COL$ 5.5bn (US$ 2.9mn) in royalties from the Caño Limon pipeline which passes nearby.

Wednesday, May 29th, 2013
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Municipality to hear claims against Pacific Rubiales, 3 other firms in Trinidad

A city council member of the Trinidad municipality will hold a meeting on May 31 to evaluate claims of environmental damage and noncompliance with social investments area communities have made against oil producers operating in the region.

Wednesday, May 29th, 2013
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Ecopetrol details its Aguazul environmental compensation investments

Ecopetrol published the results of its 1% environmental compensation fund required by law, destined for the influence area of the Cupiagua oil field and other zones of the Casanare department.

Tuesday, May 28th, 2013
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Official says Farc, ELN behind blockades

The Farc and ELN are actively promoting blockades using the general population to disrupt production in a key economic sector, Colombia’s Vice Minister of defense Jorge Bedoya was quoted as saying.

Tuesday, May 28th, 2013
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ECLAC: Colombia’s FDI grew 18% in 2012, oil main driver

ECLAC: Colombia’s FDI grew 18% in 2012, oil main driver

The oil sector accounted for nearly a third of all foreign direct investment (FDI) in Colombia in 2012, summing US$ 5.377bn of the US$ 15.823bn invested in the country during 2012, making it the 3rd largest destination of foreign funds in the region, according to an annual report on FDI published by the UN’s economic commission on Latin America (ECLAC).

Tuesday, May 28th, 2013
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Colombia to implement EITI standards

Colombia’s mining vice minister Natalia Gutiérrez said that the government has decided to implement the Extractive Industries Transparency Initiative (EITI), joining Peru as the second nation in South America to do so.

Tuesday, May 28th, 2013
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