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Regulations & Policy

Yopal municipality holding meeting to assess road needs

The mayor’s office of Yopal has scheduled a meeting with 10 area village leaders to discuss roadway needs in areas close to oil production sites in the municipality.

Wednesday, October 16th, 2013
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Casanare congressman challenges government on oil oversight

Casanare congressional representative Camilo Andrés Abril has called on figures in the central government to a debate on the impact of oil production in the department, alleging that very few operators are keeping promises with the local community and environment and that the government is doing little about it.

Tuesday, October 15th, 2013
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MinMinas to subsidize LPG purchases in pilot program

As part of a new strategy to increase consumption of Liquefied Petroleum Gas (LPG) the Ministry of Mines and Energy (MinMinas) has announced a subsidy pilot program in low income communities.

Thursday, October 10th, 2013
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Government says it can continue to set fuel prices

Following a high level cabinet meeting with Ecopetrol lawyers, the government says that the recent Constitutional Court ruling only affects how it finances the Price Stabilization Fund, not the ability of the executive branch to fix fuel prices at the pump.

Thursday, October 10th, 2013
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Keeping an eye on that cash in Casanare

Casanare’s local paper published a succinct editorial offering a word of caution for residents and a warning for politicians: The boon days of oil royalties are gone so you had better be careful how the money is spent.

Wednesday, October 9th, 2013
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New DNP director defends royalty system

The recently appointed director of the National Planning Department (DNP) Tatyana Orozco defended the General Royalty System against recent criticism, saying that they are responsible for “works materializing in all of the regions”.

Wednesday, October 9th, 2013
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Colombia’s General Controller latest royalty critic

The General Controller of Colombia is the latest authority to criticize the General Royalty System (SGR), saying to local press that the funds are not being dispersed as they should be and that it lacked a proper transition phase.

Thursday, October 3rd, 2013
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ANH on the verge of naming new president

Jorge Bendeck, a longtime ally of the new Mining and Energy Minister Amylkar Acosta, is a small step away from taking the position as president of the National Hydrocarbons Agency (ANH), bringing his experience and focus on exploration and infrastructure with him.

Wednesday, October 2nd, 2013
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ANH to collect gas royalties starting 2014

Colombia’s National Hydrocarbon’s Association (ANH) will become the entity responsible for collecting royalties generated due to gas production starting January 1, 2014.

Tuesday, October 1st, 2013
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Consumers, Ecopetrol the big losers in new fuel price scenario

The ramifications of the Constitutional Court’s ruling that congress, not the executive branch, is responsible for the fixing of fuel prices or subsidies will render two big losers: Colombian consumers and the NOC Ecopetrol (NYSE:EC).

Tuesday, October 1st, 2013
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