Colombian State Oil Company to Face Corruption Charges

By: Ysol Delgado - Jan 5, 2017, 10:30 am
Con dicho contrato, la Contraloría denunció que se generó “un menoscabo al patrimonio de Ecopetrol y por consiguiente del Estado desde la Asociación CPR Rubiales y Piriri, donde Ecopetrol participaba en el 57,9% de los gastos, correspondientes a $8.074 millones (El País)
Ecopetrol Oil company contracts reportedly resulted in purchases of unnecessary machinery and a loss of government revenue. (El País)

EspañolThe Colombian Comptroller’s Office revealed that it had found irregular contracts by the oil and gas company Ecopetrol, adding up to 145 billion dollars that favors one of the affiliates of the Pacific Rubiales group, Agrocascada.

According to the government entity, Ecopetrol hired the company during exploration of fields in the Eastern Plains of Colombia, which resulted in purchases of unnecessary machinery and a loss of equity.

Ecopetrol reportedly authorized the construction of facilities that were supposed to serve Agrocascada’s daily activities, which did not favor the production of crude oil. For this reason, the development plans of the state-owned company between 2014 and 2015 were affected.

On that occasion, the oil company made acquisitions, and began construction and installations of water treatment packages that did not provide the service for which they were built, and which had expenditures of approximately US $99 billion.

The second finding of the Comptroller’s Office revealed that the operator of Ecopetrol made payments of US $74 billion for transfers to a third party, which were justified with a sale of investments related to the Water Treatment Project Agro Cascada S.A.S.


Authorities concluded that “due to Ecopetrol’s participation in percent of the contract, damage was caused to the detriment of the State’s interests, of $37 billion due to improper use of third parties.”

The third finding of the Comptroller’s Office was a contract for “the rental, operation and maintenance of a horizontal pump for injection of water in the Rubiales Field” for the same Agrocascada project, thus justifying operational costs.

This latter contract was classified by the authorities as “a loss to the equity of Ecopetrol and consequently to the State from the Association CPR Rubiales and Piriri, where Ecopetrol participated in 57.9 percent of expenses, corresponding to $8 billion.”

Source: Dinero

Ysol Delgado Ysol Delgado

Ysol Delgado is a Venezuelan reporter with the PanAm Post from Mexico City. She specializes in public relations, digital marketing, and investigative journalism. Follow her on Twitter: @Ysolita.

Vatican Backs Venezuelan Catholic Church’s Resistance to Maduro Regime

By: Elena Toledo - @NenaToledo - Jan 4, 2017, 8:13 pm

EspañolThe Vatican reportedly supports the Venezuelan Catholic Church in its request to parishioners to "rebel in a peaceful and democratic way against the Chavez dictatorship" led by President Nicolas Maduro. Cardinal Jorge Urosa Savino, also Archbishop of Caracas, urged priests to share Sunday Mass messages that encourage Venezuelans to "not be intimidated" as well as "to eradicate the dictatorship the peaceful and democratic way." The priests have been instructed to refute "economic war" propaganda the Chavista regime uses to explain the serious scarcity crisis that the country is experiencing. The Venezuelan Catholic Church said that during the 2015 legislative elections, Venezuelans "voted not to agree with the current government." For this reason, the archbishop encouraged people "not to be intimidated" as well as "to put all their efforts together, stop the dictatorship and eradicate it the democratic way, in healthy peace, the peaceful way." googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   The priests also discussed the "millions of suffering Venezuelans" who demanded that Maduro's dictatorship "need to solve the very serious food and drug crisis," the cause of which is the "application of a misguided economic system and socialist totalitarianism that ascribes the State total control over the economy." "Never before have so many Venezuelans had to find food in the garbage!" the Venezuelan Catholic Church's message read on Sunday, in which it also questioned the dialogue between the government and the opposition "which was a source of hope for large sectors of the country" and that "regardless of the future of this dialogue, should have provided solutions to the current crisis. We must keep in mind that the people demand peace, personal security and social coexistence, and conditions that allow us to work and live in peace." The issue of political prisoners was also mentioned, as they recalled the 126 political prisoners, including the founder of the People's Voluntary Party, Leopoldo López, and Antonio Ledezma, founder of the opposition group Bravo Pueblo Alliance. Source: ABC

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