The department of Sucre will invest CoP$1T of royalties in the region. This and other news in our periodic royalties’ summary from last month.
Oil majors are gearing up to explore off the coast of Colombia.
The reactivation of the sector has been slower than expected, especially in the last year.
The Unión Sindical Obrera (USO) installed a billboard involving an Ecopetrol (NYSE: EC) executive with the ‘ñeñe politica’, as a symbol of protest.
With oil prices rising seemingly week-after-week, some commentators have gotten excited by the fiscal implications. There may some short-term relief for tired taxpayers but the medium and long-term is challenging.
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