Ecopetrol published its results this past week and CEO Felipe Bayón was rightly trumpeting the NOC’s earnings for their contribution to the nation’s coffers. But hidden in the results presentation was worsening margins in the Refining Line-of-Business (LoB).
We are not at a milestone like ‘100 days’ or ‘six months’ but a lot has happened in the past month from a policy perspective so I thought I should write about it.
Parex (TSX: PXT) announced its financial and operating results for the fourth quarter and year ended 2018. The firm reported oil production growth and good financial performance. Parex announced its guidance for 2019.
Alberto Carrasquilla, Minister of Finance (MinHacienda), proposed selling a portion of the State’s Ecopetrol (NYSE: EC) shares to private investors, generating much discussion in the country. Felipe Bayón, CEO of ECP, spoke on this topic and other relevant matters.
The Works for Taxes modality was first introduced to the country through the fiscal reform of 2016. What has happened since?
The National Biofuels Federation supported the initiative of increasing the amount of biodiesel in the fuel mix, but for transport Association, Andemos, the measure will end up affecting their engines.
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