As I told you last time, we are preparing a book so I needed to reread all our weekly summaries about the FARC peace process. It was interesting how momentum had ebbed and flowed during the nearly five years of the process. In this final installment, I focus on that momentum and the important turning points.
Government and industry representatives attended the “100 years of oil in Colombia” forum, organized by La República newspaper. They gave their perspective on what the year looks like for the industry.
The intention to carry out anti-oil referendums continues to grow in different regions of the country, affecting the investors’ confidence and the industry development in Colombia. Communities will conduct a new consultation in the department of Huila.
After 26 years of being Promigas’ President, Antonio Celia announced his decision to leave office starting in September, when he will retire.
The Regional law project presented in December 2017 has generated raised expectations with local authorities and concerns in some political parties. The National Federation of Departments is promoting this proposal and there have been important advances.
Henry Ruiz Molina, Executive President of the National Federation of Fuel and Energy Distributors (Fendipetroleo), spoke about the sector, prices and biofuels.
The Awá indigenous communities sued Ecopetrol (NYSE: EC) before Cundinamarca’s Administrative Tribunal, arguing an alleged violation of their fundamental rights.
The change to the General System of Royalties (SGR) has been one of the main causes of social discontent against the oil industry in recent years. Iván Duque, Presidential Candidate, spoke on this subject in the departments of Casanare and Meta.
The General Comptroller’s Office investigated projects financed with royalties’ resources in Casanare; a department known for its irregularities in the use of these resources. These and other stories in our periodic Royalties summary.
The oil sector considers that unconventional projects are the key to guarantee energy self-sufficiency in the long term. Barrancabermeja has potential in these types of projects, but Dario Echeverri, mayor of the city, made a proposal that could affect several plans in the region.
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