News and AnalysIs for

Most if not all companies are in their planning processes for 2018 and one of the biggest debating points is always prices.

The United States made a decision recently about the biodiesel market, which could generate changes in the international trade of this fuel, affecting Colombia’s interests in this issue.

According to Jaime Concha, Vice President of Mining, Hydrocarbons and Energy at the National Association of Colombian Entrepreneurs (ANDI), companies are betting on an agreement that seeks to explore reserves in Putumayo (Amazonas).

GasThe Company took the Colombian government to the court earlier this year, after a dispute over its Electricaribe subsidiary. Now it is questioning its presence in the country.

The Energy Regulatory Commission (CREG) proposed some adjustments in the energy sector, but this has generated much uncertainty among companies in Colombia.

Through the Resolution 40907, the Ministry of Mines and Energy (MinMinas) approved the incentive to mining and oil production for the two-year period 2017-2018.These and other stories in our periodic Royalties summary.

The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) presented the “Sinú San Jacinto 2017 competitive process” at an event in Bogotá.

Ecopetrol (NYSE: EC) proposed a test to counter the myths around unconventional techniques in Colombia. This generated a great debate between several entities and some organizations are against the proposal.

After reporting acts of sabotage, Ecopetrol (NYSE:EC) announced that, to move the rigs to develop its Trogon-1 well in the Pio XII village, in Guamal (Meta), they had to be accompanied by the police.

The national government created the Bolsa de la Paz (literally: Peace Allocation) to distribute these resources around the country, as long as the municipalities meet certain requirements. There are several regions ready to receive the resources.