Colombia’s Colcap index finished slightly down Monday, – 0.12%, on very light volume of COP$103.8 billion. Trading was largely subdued and didn’t quite catch on to the late run in the U.S. today after China’s announcement of support for Italy. However, the news significantly moved the peso as the dollar strengthened 1.28% to 1,821.00, one of the larger moves in several months.
Petrominerales announced they haven’t been able to return to normal operations because of the unrest in the Corcel and Guatiquia blocks. 30,000 barrels per day are being suspended due to the protests which the company claims is not being led by any of their works or contractors. Representatives will meet tomorrow with the government and local leaders to seek a solution to the problem.
Ecopetrol reported 532 bpd at its exploration well at the Caño Sur block in Meta. The production was the highest registered in recent times in the heavy crude area. Ecopetrol has 100% of the operations and title for the Caño Sur block.
Production of grey cement, according to DANE, rose 13.8% in Julio y-o-y to 927.7 thousand tons. Production on the current year is up 14.5%, continued bullish news for the domestic construction industry.
