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Prior consultation with ethnic communities fails to produce agreements 67% of the time

A required step to implement large scale projects for the hydrocarbons industry and beyond, prior consultations are becoming an obstacle to new projects rather than a forum for dialogue. In 2013, numbers from the Interior Ministry confirms the process fails to produce an agreement 67% of the time.

Tuesday, December 17th, 2013
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ANH releases unconventional regulation documents

The National Hydrocarbons Agency (ANH) has released three key documents that will establish the regulatory structure to be used for unconventional E&P, and will accept comments from third parties this week.

Tuesday, December 17th, 2013
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Production growth to slow in 2014

Production growth to slow in 2014

The Colombian Petroleum Association (ACP) says growth next year will only be 2.3% which means a projection of 1.03mmbd versus the expected result for this year of 1.006mmbd. The graph shows this means fairly flat growth.

Tuesday, December 17th, 2013
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MinMinas says Tauramena impact overstated

Looking to brush off concerns that the recent vote against oil production in the Tauramena Municipality, The Minister of Mines and Energy (MinMinas), Amylkar Acosta said that the government has been meeting with local authorities and there are already laws on the book that adequately address the protection of water resources.

Tuesday, December 17th, 2013
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Ecopetrol unveils US$10.6B Capex plan for 2014

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.

Tuesday, December 17th, 2013
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USO says Petro destitution an attack on democracy

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.

Monday, December 16th, 2013
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