ACP as a source of information
Source: La República – National
Date: July 06
Headline: In addition to creating jobs, it is time to think about a labor reform
The destructive effect of the pandemic on the Colombian labor market has been evident. Only in April, it was recorded that 5.3 million people lost their jobs compared to the same month of the previous year, and in May, the figure was 4.9 million, comparing the results of the Integrated Household Survey conducted by Dane, with those of the fifth month of 2019. (…) Francisco José Lloreda Pte. Asoc. Colombiana del Petróleo. “My idea is to close the gap between the formal country and the informal country. Informality in labor, housing, transportation, and financing, among other aspects.” Responded in:larepublica.co (July 06).
Source: El País – Regional
Author: Francisco José Lloreda Mera
Date: July 05
Headline: Then we complain
The decision of the third section of the Cundinamarca Tribunal to order the National Government to suspend any activity of the U.S. officials who arrived a month ago in Colombia to provide advice and military assistance in the fight against drug trafficking is a legal monstrosity, an intrusion into matters within the Executive's competence, and an unacceptable stance in a political discussion. The Constitution establishes that it is the Senate's responsibility to “allow the transit of foreign troops through the territory of the Republic” (Article 173.4) and that in “cases of transit of foreign troops through national territory, of stationing or transit of foreign warships or aircraft, in the waters or in the territory or in the airspace of the nation, the government must hear the Council of State beforehand.” (Article 237). Responded in: elpais.com.co (July 05).
GREMIO
Source: La República
Date: July 06
Headline: Industrial confidence, at the pace of openings
The Nobel laureate in economics Lars Peter Hansen said that, “one must be careful when all market analysts agree on something, that is because something important is happening for history”; and this time, the common point in Colombia was that between April and June, everyone confirmed (as did the figures) that the worst quarter was experienced for the country, which suggests that it will take more than a year to return to the growth rate that was being experienced. (…) Ana María Duque President of Shell in Colombia. “In the future we want, energy, and in particular natural gas, play a leading role. It helps us reduce inequalities in all its dimensions.”.
Source: Portafolio
Date: July 06
Headline: Eight entrepreneurs present their ideas to overcome the crisis
More optimistic than pessimistic, entrepreneurs from different sectors answered five questions from Portafolio about the impact of the coronavirus pandemic on their businesses and the economy, while summarizing their strategies and action plans to overcome the historic productive paralysis. (…).
Source: Vanguardia Liberal
Date: July 06
Headline: Canacol has been adapting to this global scenario, which has been highly unforeseen, and has required a lot of work, dedication, and effort from our collaborators to keep the operation running during this isolation.
The drastic drop in both the global oil price and demand due to the measures taken to limit the COVID-19 pandemic. And the interruptible sales, which represent only 20% of our total sales.
Source: eldiariodelllano.com
Date: July 06
Headline: Agreement
The Colombian Chamber of Oil, Gas, and Energy (Campetrol) highlighted that the announcement made by Ecopetrol regarding the progress in a preliminary agreement with ExxonMobil to work together on the pilots of Unconventional Reservoirs in the middle Magdalena valley would give solidity to these projects.
Source: pacocol.org
Date: July 06
Headline: La Manga community in Hato Corozal inaugurated a community center
Parex Resources Colombia Ltd Branch, through activities associated with the Tautaco Project and a concerted process with the community, contributed to the community strengthening of the La Manga village in Hato Corozal, Casanare, executing an investment close to $85 million. 80 people benefited from the construction of a 93 m2 community center composed of a social hall, kitchen, and office, an optimal space to develop different activities, in order to integrate the inhabitants of the village and promote a sense of belonging to their territory.
Source: lareporteria.com
Date: July 06
Headline: Ecopetrol's health services on the verge of collapse
Ecopetrol acts inconsistently and irresponsibly with health personnel. A few days ago, our Union Organization denounced and warned about the poor administrative handling in the implementation of biosecurity protocols in Ecopetrol's health facilities, due to administrative failures in managing the second death from COVID-19 that occurred in Barrancabermeja. (…) Ecopetrol has labeled the USO's warnings as irresponsible and reckless; however, we must continue to demonstrate with concrete complaints the little importance that the current administration gives to health workers.
Topics
Source: Portafolio
Date: July 06
Headline: Foreign portfolio investment, with a negative sign
Although portfolio investors (fixed income securities and stocks) have begun to gradually return to emerging countries, this situation has not occurred in Colombia. In contrast, the figures for the first half of the year show an outflow of US$1.425 million, according to a report from the Institute of International Finance (IIF). The crisis generated between March and part of April by the oil war between Russia and Saudi Arabia, combined with the spread of the coronavirus, caused strong volatility that led to a decline in the value of financial and stock assets in the country that, to this day, have not fully recovered. (…) For the analyst, in the case of Colombia, “we are more vulnerable to oil prices and from a fiscal point of view, the issue of debt also affects, so the motivations for portfolio capital investment may be different.”.
Source: El Nuevo Siglo
Date: July 06
Headline: 14,400 tests for covid-19 delivered to Cartagena
A first batch of 14,400 PCR tests, out of the 33,400 that the company will provide for virus detection in the city, was delivered by the Cartagena Refinery. This contribution is made as part of the support for the Action Plan defined by the District to address the health emergency and was received by Diana Martínez, General Secretary of the Cartagena Mayor's Office; Efraín Espinosa, Operational Director of Assurance of DADIS, and Doris Gómez, Director of the laboratory at the University of Cartagena.
Institutional
Source: Portafolio
Date: July 06
Headline: ANH relief to oil companies due to price drop
The National Hydrocarbons Agency (ANH) outlined formulas aimed at saving those companies affected by the international price drop from the economic crisis. This was announced by the mentioned entity, specifying that changes will be made to the terms of the Permanent Area Assignment Process (PPAA). (…) Thus, the Third Cycle of the PPAA was initiated with five expressions of interest or requests for area incorporation submitted by two companies, which were received by the ANH.
Source: El Colombiano
Date: July 06
Headline: Fracking pilots, two months from being viable
At 38 years old, the Medellin native Diego Mesa waited 14 years to become minister of his area of expertise: Mines and Energy. The step is taken firmly, as he served for two years as Deputy Minister of Energy, a position in which he “co-led” aspects related to the energy transition to increase the participation of unconventional renewable sources with the expectation that they reach 12 % of the matrix in 2022. (…) “In February, following these recommendations, we published a framework decree for the pilot projects and we are working collaboratively with the ministries of Environment, Interior, and the National Hydrocarbons Agency (ANH) to issue the other administrative acts that would be: the technical regulation, which is the responsibility of Minenergía, has already gone out for comments, and will likely have a definitive version in the coming days; the environmental terms of reference, because there would be an environmental licensing project for the pilots that has already gone out for comments (Minambiente); a contractual issue, with the ANH, is in the same process to issue a final version, and the last administrative act is a social resolution, by Mininterior.”.
Colombian Association of Oil and Gas