Colombia enters the era of ‘fracking’
The controversial drilling technique for extracting large amounts of deeply buried natural gas known as “fracking” has irreversibly arrived in Colombia.
The controversial drilling technique for extracting large amounts of deeply buried natural gas known as “fracking” has irreversibly arrived in Colombia.
Colombia’s Finance Minister outlined a $110 billion national budget to Congress on Tuesday, which has been touted by President Santos as a list of “social priorities for a time of peace.”
Rising demand for US dollars and lower levels of investment inflow to the oil sector have brought the Colombian peso to its weakest level in four months.
Colombia’s largest oil producer, government-owned Ecopetrol, has seen its stock price depreciate 46% since its peak in 2012 and 13% since August 2013 due to pipeline disruptions, community protests, and declining…
Colombia’s banks will press the government to stabilize the country’s tax reform program, urging Colombian President Juan Manuel Santos to stop “changing the rules every 24 hours.”
The new President of the Colombian Petroleum Association warned on Thursday that Colombia’s fiscal stability will be jeopardized if oil exploration bottlenecks aren’t solved and the country runs out of…
Demand in Colombia for gasoline, lubricants and other oil products has spurred a trade deficit for country for the better part of 2014.
The general manager of the Central Bank of Colombia stated on Tuesday that he expects foreign investment to fall 5% by the end of 2014, faulting continued guerilla attacks on the country’s energy…
The Colombian Peso rose against the US dollar as Carlos Gustavo Cano, one of the seven board members of the Colombian Central Bank said that he favored raising interest rates…