Business newspaper Portafolio.co reports that according Luis Pacheco, Pacific Rubiales Planning vice president, the company could reach US$3.9B revenue in 2012; this after royalties and payments to partners. In this way the company would achieve a 14.7% increase over 2011 figures. Pacheco made these statements during the conference Colombia Genera, of the ANDI.
According to national radio station W Radio there is a tense work environment at the National Environmental Licensing Agency (ANLA) due to the pressure exerted by managers on technicians responsible for making environmental licenses studies. The radio station said it has documents that prove that legal and administrative employees of the ANLA modify the technical concepts of biologists, environmental engineers and forestry engineers to help companies obtain licenses more easily. The technicians say that non-technical employees are not authorized or qualified to make such changes. In addition, some technicians said there are managers asking them for 300 environmental concepts for wells in a 15 day period.
The USO is back protesting the creation of Cenit SAS, the Ecopetrol spinout that holds the state-owned oil company’s infrastructure assets. This would seem to be a train that left the station a long time ago but it does give the union a soapbox to preach from. In other news, the USO continues to target Ecopetrol contractors to get their workers back into the union fold.
Incidents were back down this week to 47 but they had settled into the familiar pattern of both location and type of incident. The ELN continues to try and get itself taken seriously through kidnapping. Our 4-week Moving Average up slightly and it now sits at 54 incidents per week, back where it was at the beginning of November last year although still down from a peak of 58 back in October.
As we reported last week, the peace process has been marked by the optimism of Santos, the FARC’s claim of a National Constituent Assembly and the skepticism of the political right and other sectors. However, the FARC has stepped up attacks and kidnappings and Santos seems less optimistic.
MinMinas Federico Renjifo chose a neutral audience to make his first major policy statement of the year. The ANDI is the country’s major businessperson’s association and while there may have been members of the oil services industry in the audience we doubt there were many oil and gas company CEOs. He thus picked an audience that was not going to fight back if he said something that veered too far from the actual situation. From a MinMinas press release, translated and with commentary by Hydrocarbons Colombia.
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