President Iván Duque announced that the country was accepted as a new member of the International Energy Agency (IEA).
Campetrol, Acipet and ACP talked about the economic benefits for Colombia of high oil prices.
The Ministry of Mines and Energy (MinEnergia) announced new regulations in ‘Works for royalties’.
The Minister of Mines and Energy, Diego Mesa, spoke about the sector’s reactivation, offshore projects, Fracking Pilot Projects (PPII) and other relevant topics for the industry.
With oil prices rising seemingly week-after-week, some commentators have gotten excited by the fiscal implications. There may some short-term relief for tired taxpayers but the medium and long-term is challenging.
The Colombian Chamber of Oil, Gas and Energy Goods and Services (Campetrol) spoke about the benefits of developing fracking in Colombia.
Fundación Defensa de la Información Legal Dilo Colombia filed a lawsuit against the sale of ISA to Ecopetrol (NYSE: EC).
Acipet’s Luis Guillermo Acosta, spoke about challenges in its management, royalties, production, among other relevant issues for the sector.
International oil prices continue to rise, reaching figures not seen for more than two years.
Ecopetrol (NYSE: EC) announced an extension to the Exclusivity Agreement signed with the Ministry of Finance (MinHacienda).