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Regulations & Policy

MinMinas: Gas and electrical subsidies USD312M short in 2014 budget

Energy subsidies included in 2013 are not receiving the same allotment in the 2014 budget, the amount assigned is short CoP$600B (USD312M) , according to estimations from Colombia’s ministry of Mines and Energy (MinMinas).

Thursday, August 22nd, 2013
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Comptroller finds USD15M in royalty abuse in Arauca hospital

The Comptroller General says it has uncovered overcharges in acquisitions of equipment in the San Vicente de Arauca Hospital that totals some CoP$29B (USD15M), all coming from royalty payments.

Wednesday, August 21st, 2013
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Government says new gas procurement system will lower prices

Government says new gas procurement system will lower prices

After an prolonged debate the Colombian government issued a resolution that aims to lower gas prices using either bilateral agreements or public auctions, depending on the balance of supply and demand.

Wednesday, August 21st, 2013
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Despite pressure, Ecopetrol still evaluating Rubiales future

Ecopetrol’s president Javier Gutiérrez said this week that the NOC continues to evaluate fundamentals to decide if it will extend or not the concession of the Rubiales field with Canada’s Pacific Rubiales Energy past its current expiration date in 2016.

Wednesday, August 21st, 2013
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Talisman pays higher than expected royalties

Talisman pays higher than expected royalties

The average royalty rate in Colombia is 16% but the graph shows considerable variation between the leading producers.

Tuesday, August 20th, 2013
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Land titling on hold in Casanare due to wells

A law prohibiting the procurement of land within a 5KM diameter of an oil well in Casanare has the titling process of land at a standstill in the department.

Thursday, August 15th, 2013
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Opposition to seismic testing in Casanare reaches the mayor’s office

Five Casanare mayors spoke out against seismic testing Ecopetrol has planned for its Odisea 3D project in Casanare, alleging the testing is performed without adequate control and affects water sources and the environment in general.

Tuesday, August 13th, 2013
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ANI looking to invest US$3.7B in Meta road improvements

The National Infrastructure Agency (ANI) has presented a CoP$7T (US$3.7B) budget for “megaprojects” to improve road infrastructure in the Meta Department, considering the increased oil production, agro-industrial development and general increase in the department’s commercial activity.

Tuesday, August 13th, 2013
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ANIF says Ecopetrol should sell 10% share to finance infrastructure investments

In order to finance infrastructure investments in roads, bridges, airports and other items holding back Colombia’s development Ecopetrol should sell an additional 10% of its shares to private investors, says the president of Colombia’s National Association of Financial Institutions (ANIF).

Monday, August 12th, 2013
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Casanare government restricts heavy trucks on weekends, holidays

Citing a “high rate of accidents” due to the amount of heavy trucks on the roads in Casanare, the Casanare Secretary of Transportation has issued a resolution that prohibits heavy trucks, including the tankers carrying oil, from using the roadways on weekends on holidays.

Wednesday, August 7th, 2013
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