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Economy

Colombia finance minister foresees steep fall in oil revenue this year
Mar 19, 2015 Ξ Leave a comment

Colombia finance minister foresees steep fall in oil revenue this year

posted by Reuters

Colombia’s government expects $3.5 billion (9.5 trillion pesos) in oil revenue this year, down 60% from 2013 as the sharp drop in crude prices reduces the oil industry’s tax and royalty  Full Article »

Economy

Colombia oilfield move seen challenging Ecopetrol, Canada’s Pacific Rubiales
Mar 17, 2015 Ξ Leave a comment

Colombia oilfield move seen challenging Ecopetrol, Canada’s Pacific Rubiales

posted by Reuters

Ecopetrol’s decision to take back control of the Rubiales field will imply heavier investment for it to sustain output and now raises the pressure on Canada’s Pacific Rubiales to replace  Full Article »

Economy

Dollar nearly breaks through COP2700 mark; analysts predict steadily expensive dollar
Mar 17, 2015 Ξ Leave a comment

Dollar nearly breaks through COP2700 mark; analysts predict steadily expensive dollar

posted by Adriaan Alsema

The US dollar on Tuesday continued to rise against Colombia’s peso, nearly breaking through the COP2,700 mark it hadn’t reached since 2004.

Economy

22 arrested during ongoing Colombia truckers’ strike
Mar 16, 2015 Ξ Leave a comment

22 arrested during ongoing Colombia truckers’ strike

posted by Rush Dorsett

Since Colombian truckers began a national strike three weeks ago, 22 protesters have been arrested, the government said on Monday.

Economy

How one of Colombia’s most celebrated businessmen became an international fugitive
Mar 16, 2015 Ξ Leave a comment

How one of Colombia’s most celebrated businessmen became an international fugitive

posted by Alice Bradshaw-Smith

The former director of Colombia’s largest but now-defunct brokerage firm has gone from being one of the country’s most celebrated businessmen to becoming an international fugitive. Here’s how.

Economy

Colombia’s Ecopetrol says will not extend Pacific Rubiales oilfield contract
Mar 14, 2015 Ξ Leave a comment

Colombia’s Ecopetrol says will not extend Pacific Rubiales oilfield contract

posted by Reuters

Colombia’s state-run oil company Ecopetrol will not extend its contract with Toronto-listed Pacific Rubiales to operate the country’s highest-producing oilfield, the company said on Friday. Under the contract, set to  Full Article »

Economy

Colombia trucker strike causing rising food prices and food shortages
Mar 12, 2015 Ξ 1 comment

Colombia trucker strike causing rising food prices and food shortages

posted by Adriaan Alsema

A trucker strike that has kept approximately 40% of trucks off the road in Colombia is beginning to cause food shortages and increased food prices in Bogota and Medellin.

Economy

Dollar might appreciate to COP3K, sparking fears over rising food prices in Colombia
Mar 11, 2015 Ξ Leave a comment

Dollar might appreciate to COP3K, sparking fears over rising food prices in Colombia

posted by Alice Bradshaw-Smith

The dollar broke the barrier of COP2,600 on Monday, sparking speculation of a further substantial rise which would increase Colombia’s prices in a number of key areas.

Economy

Colombia oil sector prepares for national strike
Mar 10, 2015 Ξ Leave a comment

Colombia oil sector prepares for national strike

posted by Alice Bradshaw-Smith

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  Full Article »

Economy

Colombia looks to maintain oil, coal, gold output despite lower prices
Mar 5, 2015 Ξ Leave a comment

Colombia looks to maintain oil, coal, gold output despite lower prices

posted by EFE

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  Full Article »

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