Downstream Demand and PricingFuel retailers are facing several problems at present, which is affecting their income. Joaquín Franco, Executive Director of Fendipetroleo, spoke about this situation.
The oil sector in Colombia faces a lot of uncertainty because of social unrest. Those against the industry argue that it does not contribute to rural development, but a study by the Colombian Petroleum Association (ACP) shows the opposite.
After two years of investigations and complaints from different supplier companies, the Superintendence of Industry and Commerce (SIC) formulated charges against Postobon, Cerrejón, Procter & Gamble (P&G) and Equión Energy, for allegedly restricting the free circulation of invoices.
The union spoke about the strike that workers are currently developing at Occidental de Colombia’s (OXY) wells in Arauca, and called for the company to respect the Collective Labor Convention (CCT).
ProductionParex (TSX: PXT) announced its financial and operating results for the third quarter of 2017. The firm reported successfully drilled wells once again, oil production growth and positive net income.
The Canadian Colombian Chamber of Commerce (CCCC) hosted the ‘Regulatory Perspectives for the Energy Mining Sector’ forum. HCC attended the event.
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