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Casanare Comptroller says government’s spending not adding up

The Casanare Comptroller has issued findings from an audit for the fiscal year 2013 and found irregularities across a wide swath of the departmental government’s spending which adds up to some CoP$40.91B (US$22.18M).

Tuesday, August 6th, 2013
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ANH Chief: Mexico must focus on investment, become competitive

In the transition from a state operated monopoly to a mixed scenario with private players Mexico must find ways to be competitive globally and encourage sustained private investment in exploration says Germán Arce, president of Colombia’s National Hydrocarbons Agency (ANH).

Tuesday, August 6th, 2013
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Pacific Rubiales supports CSIR work

Pacfic Rubiales says it is fully behind the work of the Tracking Committee of Royalty Investment (CSIR) as it works to audit and identify the use of royalties generated by oil producers.

Monday, August 5th, 2013
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Behind the Vetra buy

Two US based investment firms last week announced the purchase of Vetra, a Colombian oil for an unreleased sum and a local newspaper claims it has the story behind the sale for the 8,243 bd oil and gas producer.

Monday, August 5th, 2013
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USO workers back to work in Cartagena

Striking construction workers involved in the Cartagena Refinery expansion project reached an agreement with the contractor in charge of the labor, CB&I to return to their posts and start negotiations this week.

Monday, August 5th, 2013
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Petrominerales shows the challenges of Colombia’s Llanos

Petrominerales shows the challenges of Colombia’s Llanos

Last week Petrominerales published its 2Q13 and while there was some good news from Brazil and new heavy oil finds, the overall production picture continued its decline. The company produces only about half the crude it did at the beginning of 2011.

Monday, August 5th, 2013
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