Ivan Duque, President of Colombia, spoke about the advances in issues related to royalties’ resources since his administration began in an event about the Collegiate Body of Administration and Decision (OCAD). He announced a project to change the General System of Royalties (SGR).
Through a ruling, the Constitutional Court said that popular consultations can no longer forbid or decide on the future of industry activities in the regions. Where do communities stand now?
Colombia is a member of the Extractive Industry Transparency Initiative (EITI) and the Ministry of Mines and Energy (MinMinas) participated in Board # 41 of this organization. The country introduced its representative for the EITI.
What do the ELN, former Farc members and Clan del Golfo have in common? 300 drug trafficking routes throughout Colombia. Here are the details.
Colombia is analyzing different alternatives to improve the air quality in the main cities of the country. Natural gas is positioned as one of the main alternatives to achieve it.
CEO Felipe Bayón spoke about the NOC’s plans in the Middle Magdalena (Santander); an area with great potential.
Several years ago, the people of Tauramena (Casanare) voted to prohibit oil activities in their region through a popular referendum. Ecopetrol (NYSE: EC) began a ‘judicial battle’ to reverse this decision and Colombian authorities have just made a decision on the case.
Better prices should translate into better royalties’ resources for producing regions, but there are other sectors pushing for the money. These and other stories in our periodic Royalties summary.
Colombia’s Central Bank (Banrep) released 2Q18 Foreign Direct Investment (FDI) figures for the country. This decreased in the sector compared to same period last year but increased compared to 1Q18. Total FDI grew in Colombia.
Better prices bring better opportunities for the regions, or at least that is what Minister of Mines and Energy (MinMinas), Maria Fernanda Suarez, said when talking about Infrastructure for royalties.
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