Last Wednesday, July 20th 2022, the new Colombian Congress was sworn in. Despite the arithmetic we did at the time it was elected (way back in March) and again when the presidential elections concluded (just over a month ago), the majority is now supporting Gustavo Petro. Who would have thought it? I certainly did not but I should have.
The National Hydrocarbons Agency (ANH) gave a performance report on the regulations for the assignment of areas, the contract model and administration processes in the last four years.
President-elect Gustavo Petro reiterated that his government will not develop the fracking technique, but there are foreign companies with current contracts.
The National Mining Agency (ANM) presented six small and medium mining projects at a business conference.
The Vice President of Hydrocarbon Contracts of the ANH, Alejandro Niño, spoke about the new regulations for the Allocation of Areas.
The Ministry of Finance (MinHacienda) announced the expected revenues from the company for the end of the year.
Moody’s Investors Service talked about the behavior of energy commodity prices and their effects for Latin America.
The National Hydrocarbons Agency (ANH) announced changes in the mutual contract cancellation.
The former Vice President of Colombia, Germán Vargas Lleras spoke about the OCAD-Paz corruption scandal.
The story was titled basically “Everyone in the world is reducing their debt – except Ecopetrol”. Well, we have all had problems with our credit cards from time to time. Unable to resist that bright shiny thing – like ISA, for example – when we are already had unexpected expenses, like Covid-19 for example.
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