MinMinas resently opened negotiations with various truckers’ associations and representatives of other large domestic users on the stabilization formula for gasoline and especially diesel prices.
An open hearing on the pending public referendum to approve or reject oil production near the municipality of Monterrey has been postponed after Ecopetrol (NYSE:EC) filed a motion to delay the hearing, which will determine its constitutionality.
Pacific Rubiales (TSX:PRE) had to wait more than two years for its environmental license for the CPE-6 block in the Meta Department, finally receiving the green light at the end of 2013. Now a few more details have emerged on the company’s obligations under the license agreement.
The Regional Autonomous Corporation of the Upper Magdalena (CAM) has fined seven transportation companies for environmental damage from oil spills, not having a contingency plan and non-compliance with preventative measures
The Colombian military has fingered the Farc for a string of attacks on oil infrastructure following the end of month long unilateral truce that ended January 15. The attacks have led to oil spills that reached rivers in Putumayo.
The momentum towards unconventional oil extraction in Colombia is gaining, but the industry is still lacking an established supply chain to support the operations, as well as more clarity in regulatory matters said the director of the Colombian Petroleum Institute (ICP) Andrés Mantilla Zárate.
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