The share price of Pacific Rubiales, Canacol and Petrominerales lead the Colombian Stock Market (BVC) with some of the most undervalued share prices, which local analysts say could present opportunities for investors despite the 11.9% drop in the stock’s index IGBC in 2013.
Ecopetrol’s Coveñas terminal is the first among members of the Regional Association of Petroleum, Gas and Biofuel Companies in Latin America and the Caribbean (Arpel) to receive a cross check audit as part of an integration process.
Separate blockades targeting oil operations have been set up by protestors from rural communities around Paz de Ariporo and near the Monterrey municipality as demonstrators call for greater social investment and allege unfulfilled promises from oil firms in the region.
More than 40 points of the Catatumba pipeline were detonated over the weekend creating an environmental emergency as crude flows into the surrounding area.
Following reports that seismic explorations in the foothills of Casanare were affecting on local water supplies, even drying up rivers, two of the oil companies operating in the region have said they are completely within the law and the tests are low impact.
Colombian paint specialist Pintuco has reached an agreement with Ecopetrol to commercialize the later’s MCO-R paint technology in the domestic market as part of a technology transfer and innovation program run by the state oil firm.
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