Ecopetrol (NYSE:EC) announced its Capex plan for 2014, with the NOC focusing nearly all of its US$10.6B within Colombia and its wholly owned projects as the firm looks to keep production levels in line with government goals in an election year.
The USO sounded off against last week’s destitution of Bogotá mayor Gustavo Petro, calling it a “crooked persecution against the union and social movements and political left in general in favor of the neoliberal model and extreme right”, and said the situation is comparable to arrests of members on December 4.
The Municipality of Tauramena, Casanare held its public referendum on Sunday, December 15th and those who came out voted a sounding no, although the total turnout amounted to just over 34% of the population, narrowly passing the 33% turnout needed for the vote to be valid.
Security and Public OrderIncidents near areas of interest to the oil and gas industry were up this week at 30 above recent but below long-term averages.
The government engaged a multi-pronged push back against a public referendum that looks to reject oil production near municipal water sources in Tauramena, Casanare which included ministers and Ecopetrol’s (NYSE:EC) president Javier Gutiérrez.
If it feels like the guerrilla have been more active (despite the Farc’s recent announcement of a truce) that is the reality. The graph shows our proxy for guerrilla activity: incidents not reported by the Armed Forces.
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