At the Congress of the Republic, as of April 2024, a total of 39 bills related to the mining, petroleum, and gas sectors are being processed.
The Ministry of Mines and Energy (MinEnergia) unveiled its regulatory agenda for 2024 for the mining, oil, and gas.
Brigard & Urrutia published an analysis of the consequences of the Constitutional Court’s decision to admit the request of Fiscal Impact filed by the Ministry of Finance (MinHacienda) against the ruling declaring the non-deductibility of royalties unconstitutional.
Oil traders have amassed options contracts worth over three million barrels in a bet that prices per barrel will reach US$250 by June, as geopolitical risks remain high.
As part of the economic revitalization plan set to be presented to the Congress, the Ministry of Finance (MinHacienda) announced several tax changes in Colombia.
The Foundation for the Rule of Law (FED Colombia) joined the chorus of voices raising concerns about Colombia’s impending risk of losing its energy security and sovereignty in the field of hydrocarbons.
In the journey towards energy transition with alternative sources, encouraging achievements reflect a growing global awareness of the issue.
Environmental licenses remain a significant obstacle for various energy projects in Colombia, posing challenges for the industry and its stakeholders and becoming a major cause of delays, ultimately jeopardizing the country’s energy security.
President Petro urged the Ministry of Labor (MinTrabajo) to take charge of the labor reconversion of miners in La Guajira to prevent them from ending up jobless.
The oil and mining sector was responsible for 34.3% of Colombia’s foreign direct investment in 2023, but taxes are affecting this.
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