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Minister of Finance (MinHacienda), Jose Antonio Ocampo, confirmed that gasoline prices will increase gradually in the coming months.

The Minister of Mines and Energy (MinEnergia), Irene Vélez, reiterated that the government will oppose to the development of exploration projects for unconventional oil and gas in the country.

President Gustavo Petro spoke about alternatives to control increases in energy tariffs.

The arrival of Gustavo Petro to the presidency has generated discussions about the extractive sector and its contributions to the country.

The Minister of Mines and Energy (MinEnergia), Irene Velez, talked about the time it will take for the energy transition process to be a reality, and the possibility of awarding new E&P contracts.

The Minister of Finance (MinHacienda), José Antonio Ocampo, spoke about fuel prices and their possible increase in the coming months.

Energy sector associations called on the government to allocate enough resources from the 2023 General Budget (PGN) to cover energy and gas subsidies for 2022 and 2023.

President Gustavo Petro spoke about the need to increase gasoline prices in the country, due to the deficit of the Fuel Price Stabilization Fund (FEPC).

The Minister of Finance (MinHacienda), José Antonio Ocampo, spoke about Colombian exports and the relevance of the oil sector in this issue.

At a recent meeting of the Colombia-Canada Chamber of Commerce’s Mining and Energy Committee, ECIJA Colombia’s Lorena Garnica gave an overview of the Court’s decision and some recommendations for investors. Based on the ruling of the Constitutional Court of Colombia number SU288 of 2022, the proof standard for rural private property in Colombia is more rigorous.