Colombia’s association of transportation firms Asecarga has accused Ecopetrol (NYSE:EC) of awarding contracts to select firms and not holding transparent, open processes to select a contractor. The association has sent a formal request to the nation’s inspector general Alejandro Ordóñez to investigate the matter.
The Minister of Mines and Energy Amylkar Acosta has ruled out a new price freeze on diesel while transportation associations and fuel retailers repeat demands that the cost must drop.
A proposal from the National Infrastructure Agency (ANI) to route tanker-trucks carrying crude from the Rubiales fields through the municipalities of Maní and Aguazul has a number of local officials in arms over the possible ramification of the increased tanker traffic.
The Caño Limon –Coveñas Pipeline, an asset of Ecopetrol (NYSE:EC), announced the awarding of the maintenance contract to a new operator, and while some in the local press are interested in the opportunities this may bring, others have rejected it as a change of façade and nothing else.
The USO and CB&I (NYSE:CBI), the contractor in charge of construction of the expansion of the Cartagena Refinery (Reficar) sat down along with national authorities and Ecoperol (NYSE:EC) representatives to follow up on a collective labor agreement reached last year.
Colombia’s oil and gas sector led the market with an average salary increase of 5,6% in 2013, well above accumulated inflation for the year of 1.9%, meaning workers in the industry increased their buying power last year.
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