Colombia’s financial regulator SuperFin is preparing a set of norms that will regulate the information provided by companies in the hydrocarbon and mining industries for the general public and investors.
That was the gist of the message from MinMinas Federico Renjifo in response to a version of the above graph at the CiMinPetrol 2013 congress in Cartagena last week. It had been presented by Raul Espinosa, a Venezuelan economist with a long history of working in the industry, currently at the InterAmerican Development Bank.
The Animals and Nature Defense Association (ADAN) has filed a claim with Colombia’s Public Minister over damages they alleged come from irresponsible environmental practices in the oil industry.
Blockades have become the number one security issue for many companies, ahead of attacks by the Farc or ELN. Although blocking roads is illegal, the government is uncomfortable sending troops against private citizens apparently exercising their democratic rights. Worse for the companies, many of the issues being protested apparently have nothing to do with them.
A Sunday bombing of the San Miguel-Orito Pipeline in the Putumayo department, forced authorities to suspend the pipeline’s use, in an attack that Ecopetrol says comes from the Farc.
Colombian Senator Maritza Martínez Aristizábal has tightened her message on the Pacific Rubiales and Ecopetrol relationship, and requested that Ecopetrol assume control of the Rubiales oil field.
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