Colombia oil sector prepares for national strike
Colombia’s oil industry is preparing a national strike on March 19 after oil workers union USO called for workers to suspend work for 24 hours in an attempt to curb the cutting…
Colombia’s oil industry is preparing a national strike on March 19 after oil workers union USO called for workers to suspend work for 24 hours in an attempt to curb the cutting…
Colombia’s mines and energy minister said the Andean nation will strive to keep oil production at roughly 1 million barrels of crude per day in 2015 and also maintain coal…
Colombia’s main oil workers’ union, the USO, will hold an indefinite strike, its president told Reuters on Wednesday, in protest at widespread job cuts in the sector after a plunge…
Net profits at Colombia’s state-controlled oil producer Ecopetrol fell 42.7% in 2014 versus the year before, due to lower crude prices and higher costs.
The Colombian peso continues to drop against the dollar, which broke through the COP2,500 barrier on Monday. The extent of the dollar’s appreciation came as a surprise for most analysts.
Colombia will delay spending $2.44 billion (6 trillion pesos), some 3% of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.
Following years of trade surpluses, Colombia ended the year 2014 with a record trade deficit due to decreased revenue of exports and growing imports.
Colombia’s humanitarian situation remains severe in spite of ongoing peace talks with rebel group FARC and is likely to endure following a peace deal, the United Nations said Wednesday.
Colombia and the United States are collaborating on a corruption probe involving Colombian state oil company Ecopetrol SA and U.S. executives, President Juan Manuel Santos’ office said Monday.