The union gave an update on the negotiations with Mansarovar Energy, and the panorama does not seem promising
When Ronald Pantin was CEO of Pacific Rubiales he would complain that investors applied a ‘Colombia discount’ to Colombia-committed stocks. For a long time that appeared to be true, but it has been getting smaller and, this quarter, it disappeared. However, there are some important caveats.
The ANH’s Permanent Competitive Procedure is the most significant change in procedure in years. It opens the opportunity for continuous block assignments. Ten days ago, the ANH announced an important modification, finally allowing what Agreement 2 was supposed to have from the beginning: the ability to nominate blocks for assignment (which we have called browse-the-rack-and-pick-up-something-you-like). Leopoldo Olavarria and his team at Norton RoseFulbright have kindly prepared the following summary of the changes.
The construction of Reficar generated many debates in the country, but this facility has demonstrated its relevance for Colombia in a short time. Ecopetrol (NYSE: EC) is analyzing investment alternatives in Reficar.
General Comptroller, Edgardo Maya, warned about the risks of implementing fracking in Colombia, reopening the controversy on the subject.
Terpel completed 50 years of operation recently and its president Sylvia Escovar spoke about the company’s plans, challenges and projects in the country and other relevant issues.
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