The Colombian government implemented the “Works for Taxes” strategy to allow companies to pay taxes through projects in their areas of influence. Authorities announced the projects for this year and the committed investment.
Colombia’s ethanol industry has been competing with the American ethanol market, which unlike the national industry, has a subsidy that is now affecting local producers.
The Colombian peso has devaluated strongly against the dollar in recent months, causing concerns in some economic sectors. Juan José Echavarría, Manager of the Colombia’s Central Bank (Banrep), spoke on this subject.
The Association of International Petroleum Negotiators (AIPN) hosted the “Coordination with the Territory in the Extractive Sector: Analysis and Challenges” panel. HCC attended the event.
Ecopetrol’s (NYSE:EC) CEO, Felipe Bayón spoke to El Colombiano newspaper about the NOC’s ventures in conventional and unconventional projects. Here are the details.
The oil sector has proposed developing unconventional deposits through fracking as the main strategy to guarantee energy self-sufficiency in the medium and long term. The discussion about this alternative continued and people both for and against spoke about this option.
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