On 1 February, Repsol and the United Nations Development Programme (UNDP) signed an agreement in Colombia to carry out the Communities Benefit Plan in the Guajira Peninsula in northern Colombia. This agreement is especially relevant because it is the first time that the UNDP has signed a partnership agreement with the oil industry in Colombia: moreover, this is the first pilot project of its kind globally, so the UN has high expectations for its development.

The National Hydrocarbons Agency of Colombia maintains a co-operation agreement with the UNDP to ensure that the companies which sign oil contracts develop Benefits Plans for the Communities that are affected by their activities. Under the agreement just signed, Repsol is committed to developing its Communities Benefit Plan in Colombia in accordance with the principles set by the UN.

Tags: Repsol