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Colombia is not an oil country, but its finances depend largely on this industry. The sector crisis affected government finances, but the recovery of crude prices is generating great expectations.

The Colombian Petroleum Association (ACP), the Colombian Chamber of Petroleum Goods and Services (Campetrol) and the Colombian Association of Petroleum Engineers (Acipet), spoke about the attacks perpetrated by the ELN, only hours after the bilateral ceasefire ended.

Last month, we introduced our revision of our methodology for studying security-related incidents near pipelines. This time, we look deeper into the trends in attacks, the impact of security incidents on operations and at statistics by pipeline.

Marianna Boza leads the extractive sector practice for Brigard Urrutia, one of Colombia’s leading local law firms. She has an extensive experience in the sector, having spent much of her career with international law firms acting as external counsel to PDVSA before coming to Colombia in 2014.

Experts said that the fiscal gap could reach CoP$1.2Tin the next five years, but the government said that they were able to conciliate with 146 municipalities.

Electrical engineer Ricardo Humberto Ramírez was chosen by the Ministry of Mines and Energy (MinMinas) as the Mining and Energy Planning Unit’s (UPME) new director.

With its financial closing, the Sebastopol complex will take the first step to start operations in 2021. It will be able to process 100mbd.

The Spending and Public Investment Commission recommended reforming the General System of Royalties (SGR), to eliminate the lack of flexibility in the specific-destination percentages established in the constitutional norms.

President Santos ordered the immediate return of the new chief negotiator in the dialogues with the ELN, Gustavo Bell, after the guerrilla attacked in Casanare and Arauca.

GasThe Energy and Gas Regulation Commission (CREG) is working on new methodologies on issues relevant to the gas sector. The new rules are generating discontent between the government and industry.