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.
The firm spoke about its plans in Colombia and Chile, forecasting a production growth.
The union spoke about the Collective Labor Agreement it recently signed with Fepco Zona Franca and HV Services.
At the Oil and Gas Summit, both MinMinas Maria Fernanda Suárez and ANH head Luis Miguel Morelli promised a competitiveness study to see where Colombia had to improve its regulation. The well-respected Canadian extractive-industry think-tank, the Fraser Institute (FI) has either done that for them or given them a place to start.
The ‘100-days’ stories were a week or two ago and I had planned to write a ‘Duque-year-end-in-review’ article on December 17th, my last ‘long-form’ article of the year. But well-respected think-tank Inter-American Dialogue published this report last Friday and I thought I should take advantage of the multiple points of view.
Amerisur Resources announced a new strategic alliance with Occidental Andina LLC, an affiliate of Occidental Petroleum Corporation to develop key exploration blocks in Colombia. The companies announced big investments in Colombia for the coming years.
The Ministry of Mines and Energy (MinMinas) explained how entrepreneurs will avoid double processes when trying to access tax benefits.
Invest Bogota conducted a study on the different alternatives to reduce costs in the oil sector. In addition, BDO Colombia spoke about the situation of the sector in this issue.
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