The Colombian Federation of Bio-fuels (Fedebiocombustibles) published an analysis criticizing government policies that favor hydrocarbons because they look like they were formulated to benefit Ecopetrol (NYSE:EC) and its goals, rather than explore other alternatives like bio-fuels.
We used press reports earlier this week to publish an article on the (supposedly) joint MinMinas / MinAmbiente decree on seismic. Now we have found the original MinAmbiente (only) press release and the draft decree.
Ecopetrol (NYSE:EC) produces 62% of Colombia’s crude so perhaps not surprising that it is the leading producer in almost every major oil department.
The Ministry of Mines and Energy (MinMinas) released fuel prices for the month of June and immediately tried to counter skeptics that would question why the public price of fuel has stayed the same in an election season.
The General Royalty System (SGR) continues into its second year and there is no shortage of critics for the system, but it also has its supporters as well. Over the week a lineup of editorial opinions and press reports have addressed the royalties and the system used to control and award them.
Parex Resources celebrated the “day of oxygen” and donated trees to local communities, while Equion backs woman entrepreneurs and Ecopetrol helps build a classroom. These and other Corporate Responsibility (CSR) stories from Colombian press.
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