Bottom Line: An example of the strong measures being taken by environmental authorities even when a company is proactive with its plans.
Bottom Line: Ecopetrol have found a new and more efficient way to recover oil sludge from storage tanks. There is no information about whether the company would license the technology.
June 18, 2012 Local newspaper ElPais.com.co reports that the critical road from the Panamerican Highway and the city of Cali to the main port of Buenaventura has not been accepted by Port authorities due to its poor condition.
June 22, 2012 Business newspaper LaRepublica.com reports that, in its budget for this year, Ecopetrol set a ‘conservative’ WTI oil price per barrel of of U.S. $ 70. Considering recent price declines, this gives the company and the government some room to maneuver.
June 21, 2012 National newspaper ElTiempo.com quoted the head of the Large-Scale Mining Association, Claudia Jiménez Jaramillo as saying the growth of the mining locomotive needs stability in the rules precisely at a time when the global economy is in crisis and when registering declines in international prices of some commodities such as coal and gold.
June 22, 2012 More than 200 people demand outstanding payments from companies that performed seismic work in the area. National newspaper ElTiempo.com reports that inhabitants of four municipalities on Thursday blocked entry to an oil field located between Cantagallo (southern Bolivar) and Puerto Wilches (Santander).
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