Current oil prices have generated many expectations in the oil sector to recover the ground lost during the last years. Companies have announced several investments and Ecopetrol (NYSE: EC) has big plans in this area.
Entrepreneurs and politicians from the Caribbean coast, such as Joseph Daccarett and César Lorduy, criticized Resolution 40646 of the Ministry of Mines and Energy (MinMinas) regarding last week’s emergency in Cusiana and Capiagua. However, the problem has been resolved.
The union spoke about the importance of generating employment in industries other than the energy and mining, since these supposedly do not create formal employment.
BP recently published its annual statistical summary of the global energy market and we thought it might be interesting to look at a few selected charts. The focus was country-by-country comparisons and, by looking at energy consumption broadly, we chose some variables that might be a bit different.
Recently, we published an article about the mining industry in Cundinamarca. The departmental Controller was concerned that environmental licenses were not be properly monitored. A reader reacted to the article with an interesting recommendation and that got me thinking about the challenges of implementing it.
Mauricio Cárdenas, Minister of Finance, announced the last Medium Term Fiscal Framework of the current government, with good prospects. The State revenues from the oil sector could increase considerably in the coming years.
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