News and AnalysIs for

According to a report from the Colombian Petroleum Association (ACP), companies invested US$3.4M in the country during 2017.

The government has taken several measures in fiscal terms with the aim of recovering deteriorating public finances and combating climate change. Expectations of the authorities are high, especially with taxes for fossil fuels, but there are emerging concerns about the real destination of these new taxes.

The Minister of Mines and Energy (MinMinas) participated in Semana’s ‘Clean Energies Week,’ where he spoke about the environmental benefits of converting public transportation into Vehicular Natural Gas (VNG). The development of these and more stories in our periodic Eco summary.

Sergio Clavijo, Director of the Center for Economic Studies (ANIF) in collaboration with Ekaterina Cuéllar and Nelson Vera analyzed the behavior of Ecopetrol (NYSE: EC) stock price after a decade in the public market.

The Ministry of Mines and Energy (MinMinas) and the Collegiate Body for Administration and Decision (OCAD) reported successful projects financed with royalties’ resources in Córdoba, Norte de Santander and the Caribbean. These and other stories in our periodic Royalties summary.

The president of the National Hydrocarbons Agency (ANH), Orlando Velandia, said that he is positive about next year because the country’s self-sufficiency measure will not fall like it has during the last four years.

The Colombian Association of Petroleum Engineers (Acipet) organized a forum on unconventional technologies (UC) in Bogotá. HCC was present and we bring a brief summary of the meeting.

GasPropane imports are a reality in the country and these recently started through Cartagena. Importing companies hope to supply the local market.

The Ministry of Environment (MinAmbiente) participated, for the first time, in the Extractive Industries Transparency Initiative (EITI) report, providing relevant information on the Colombian extractive sector.

As expected, the new fuel prices generated controversy and claims from various sectors in the country. The Federation of Cargo Transport Companies (Fedetranscarga) spoke on this subject and the government’s “magic formula”.