Results from Government Meeting Was this it? I looked around to see what happened as some people were very optimistic about the meeting. What companies does this help as Capex has been cut universally?
Colombia Seeks Royalties Change to Revive Oil Production
The proposal would give oil companies a “big incentive” to invest in increasing output at existing fields by treating the extra crude as though it were from a new discovery, making it eligible for lower levies, Gaviria said. The proposal forms part of the government’s four-year National Development Plan, which needs to be approved by Congress to become law.