Colombia is not an oil country, but the crude industry is one of the most important for the economy. The Superintendent of Companies published a report of the companies with the highest operational revenues in 2016 and oil companies stand out in this list.
The Colombian Petroleum Association (ACP) believes that the wave of popular consultations in the country can have negative consequences for companies wanting to find reserves in the country.
The Colombian Petroleum Institute (ICP) is the main research center of the industry in the country. ICP announced investments to support Ecopetrol’s 2017-2020 business plan (NYSE: EC).
Oil theft and illegal transportation of fuel have become a big issue in the departments of Norte de Santander and Arauca. However, the police have been able to react to it and are now working on new strategies to keep the issue under control. The development of these and other stories in our periodic Security Summary.
Ecopetrol (NYSE: EC) wants to start recovering the reserves lost because of the oil crisis and low exploration in recent years. The company has high expectations for two wells.
Industry experts talked about how consumers would benefit from the liberalization of fuel prices in Colombia.
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