News and AnalysIs for

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”.

The National Hydrocarbons Agency (ANH) invited HCC to its ‘Update of the Sinú San Jacinto (SSJ) Process’session. Here is a brief summary of what was discussed during the event.

Companies like Equión, Geopark (NYSE: GPRK), Occidental de Colombia (Oxy) and Ecopetrol (NYSE:EC) spoke about their social development projects in Casanare, Arauca and Santander. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.

The Ministry of Mines and Energy (MinMinas) recently announced the new gasoline and diesel prices in the country, generating much discontent among consumers and business users. No one agrees with the management of fuel prices in Colombia.

Geopark (NYSE:GPRK) called a breakfast meeting ensure the national press understood what the company had accomplished in production and in its social contributions. HCC is well aware of what it has accomplished but we were invited and bring this report.