Regulation and PolicyOn the evening of Monday, September 2, 2013 the entire cabinet of President Juan Manuel Santos tendered their resignations, in the height of the agricultural crisis, so that he would be free to name new players if required.
This month we have three interviews with important figures in the industry.
The interview with Meta Governor Alan Jara in this month’s issue makes clear the challenges of royalty reform for producer communities.
Although there is a transition, the impact on local finances has been devastating.
The head of the National Environmental Licensing Agency (ANLA), Luz Helena Sarmiento, has a self-deprecating sense of humor. She once opened a presentation to the oil and gas industry saying “I know I am your worst nightmare”.
Alan Jara is the governor of the department of Meta which produces 50% of Colombia’s oil. He is a well-respected administrator on his third tour as governor.
The National Planning Department (DNP) published a thorough document which seeks to reduce bottlenecks in the permitting process for roadway, mining and energy projects by centralizing requirements and establishing a priority list for strategic projects.
Transparency International, the NGO that investigates corruption at the national and international level, has published its biannual survey of countries. Given some investor interest in other Latin American countries, we thought the above graph might be illuminating.
This month has an emphasis on investment with an update to our Colombian stock index and a conversation with a fund manager about the country’s attractiveness. Frequent collaborator León Teicher worries whether government complacency might drive investors away.
It’s no secret that labor relations within Colombia’s hydrocarbon’s industry are tense at best, if not completely contentious. Some companies have better relations and some worse but all are experiencing challenges at the present time.
We classify our security counts into the ANH’s geographic basins but separate out incidents near roads and pipelines, independent of the geographic location of the event.
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