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).
June 22, 2012 Transport Minister, Miguel Peñaloza, told Dinero.com that this is being studied to maintain roads affected by heavy traffic:
June 22, 2012 Transport Minister, Miguel Peñaloza, told Dinero.com that this is being studied to maintain roads affected by heavy traffic: “oil was not supposed to be transported by trucks it is supposed to be transported by pipeline.”
June 25, 2012 The oil company, in partnership with other firms, presented the most competitive bids for oil exploration in six deepwater blocks. With this, Ecopetrol would increase its share to 122 blocks in this prospective oil basin.
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