Colombia wants to leverage the navigability of the Magadalena River but authorities expect large investments will be needed to achieve it. Ecopetrol (NYSE: EC) and Cormagdalena announced an agreement to invest in this important river.
USO Orito and USO Barranquilla representatives said that they are actively working towards improving local hiring conditions in oil producing regions, and met with representatives of oil companies and local authorities to find solutions to the issue.
There are huge concerns about the consequences of recent popular referendums and their fast growth in Colombia. Germán Espinosa, Executive President of Campetrol, wrote an article about this problem in La Republica.
A former Farc member was captured in Costa Rica while transporting cocaine, and the ELN kidnapped two Dutch journalists in Norte de Santander.
According to the results of the Yopal Economic Perception Survey (EPE,) published by the Chamber of Commerce of Casanare (CCC,) 90% of the department’s entrepreneurs reported lower sales compared to 2015.
The Colombian oil sector is experiencing very difficult times at present. The industry is analyzing options to boost growth, and fracking is one of the main alternatives. Julio Cesar Vera, President of ACIPET, talked about this topic.
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