News and AnalysIs for

The oil sector continues to insist on the development of unconventional projects in Colombia to increase oil and gas production and reserves in the medium and long term. Francisco José Lloreda, President of the Colombian Petroleum Association (ACP) spoke on this subject and other relevant issues for the industry.

Colombia’s Axia Energía opened its new Termonorte thermoelectric plant in Santa Marta; the first of its kind in the department of Magdalena.

Pasto’s fuel entrepreneurs were hoping for Vice Minister of Energy, Diego Mesa, to clear out ‘rumors’ about fuel prices in Nariño. His speech started another controversy instead.

Authorities announced that important projects will be developed in the departments of Caldas, Casanare and Norte de Santander, among others. However, corruption is still an issue in the department of Chocó. These and other stories in our periodic Royalties summary.

The Colombian government implemented a new General System of Royalties (SGR) in 2012, and one of the main goals was to improve the administration of these resources. However, some regions still have problems with these resources.

The Vice Minister of Mines and Energy (MinMinas), Carolina Rojas, took the stage of the VIII Canada – Colombia Forum to talk about royalties, communities and the mining industry. We attended so our Bottom-Line goes beyond the MinMinas press releases.

Humberto Calderon Berti, consultant and former president of PDVSA, spoke about Colombia oil potential. He gave some recommendations to improve the competitiveness of the Colombian sector.

Fuel smuggling in the border with Venezuela has caused important losses for the Colombian economy. This is how authorities are planning to fix it. The development of these and other stories in our periodic Security summary.

The Ministry of Mines and Energy (MinMinas) spoke about the energy transition process’ benefits in Colombia. María Fernanda Suarez, MinMinas, highlighted the role of natural gas in this process.

Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke about the ‘agreement 02’ and the entity’s plans for this law. He pointed out that the ANH seeks to attract new investors and increase the country’s competitiveness.