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In his most recent Op-ed, the President of the Colombian Association of Petroleum Engineers (Acipet), Carlos Leal, questioned environmentalists ‘fight’ in Colombia.

Parex Resources (TSX: PXT) has developed an ambitious investment campaign in the Colombian oil sector, showing positive results. The firm reported excellent financial results in recent years and has positioned itself as one of the most important companies in the country.

Ecopetrol (NYSE:EC) announced investments to develop unconventional resources in Texas, while Colombian authorities still debate about the future of fracking pilot projects in the country.

Ecopetrol (NYSE: EC) has managed to report good financial and operational results in recent years, leaving good dividends for the Colombian state and its shareholders. However, security issues are putting the firm on alert.

American authorities fear that the government’s decision to temporarily impose a surcharge on US ethanol imports, may become a permanent measure.

The National Hydrocarbons Agency (ANH) announced the signing of oil contracts with Parex Resources (TSX: PXT), confirming that “things are moving again.”