News and AnalysIs for

The National Hydrocarbons Association (ANH) hosted the “Dialogue for Building a Vision for Territorial Development” roundtable in Yopal (Casanare), where industry and community members were able to discuss social and industry related issues.

Experts in the energy industry said that with such a drastic cut in the industry’s budget; about 10 million users could lose their access to energy service.

The country is facing times of high legal uncertainty because of the boom in popular consultations against the oil and mining sectors. Mauricio Cárdenas, Minister of Finance, talked about this situation and consequences of these actions.

The Ministry of Mines and Energy (MinMinas) announced an increase in fuel prices. The Federation of Freight Transport Businessmen (Fedetranscarga) spoke about the high cost of fuels in Colombia.

Equion, Occidental de Colombia (Oxy) and Ecopetrol (NYSE:EC) announced the successful development of CSR projects in the departments of Casanare, Arauca and Huila. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

An initiative to improve the direct allocation of royalties to oil producing regions was filed by Congressman Jorge Camilo Abril, and Collegiate Bodies for Administration and Decision (OCAD) in Magdalena and Bogotá announced the development of new projects. These and other stories in our Royalties periodic summary.

Colombian regions continue to block the development of the mining industry; this time it is Ibagué, Capital of the department of Tolima. Camilo Delgado, a member of the Liberal Party, spoke about this decision.

The oil sector is facing difficult times due to the boom of anti-oil referendums. The Colombian Petroleum Association (ACP) published itsE&P Investment Trend Study. The association interviewed 21 presidents of oil companies in Colombia, which represent 97% of crude production.

The company inaugurated the “Arawalibo” Child Development Center (CDI) in Puerto Gaitán (Meta,) with the support of the Presidential Counsel for Early Childhood, the Mayor of Puerto Gaitán, the Colombian Institute of Family Welfare and Ecopetrol (NYSE: EC.)

The National Hydrocarbons Agency (ANH) is working to face the boom of popular referendums around Colombia. The ANH is talking and socializing projects with communities to prevent referendums in the future and it seems that it is working.