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Regulations & Policy

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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Government open to adjustments to the SGR

The central government is aware the general royalties system (SGR) is not working as best it could, a little more than a year after its implementation, and is open to making adjustments, according to the Mines and Energy Minister Amylkar Acosta.

Thursday, September 26th, 2013
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High court nixes government request for more time to restructure fuel pricing

High court nixes government request for more time to restructure fuel pricing

Following a decision early this month from the Constitutional Court that the executive branch could no longer set fuel prices, the court has also rejected a request to suspend the ramifications of the ruling for a year.

Thursday, September 26th, 2013
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New director sworn in at ANLA

Nubia Orozco Acosta has been sworn in to run the National Environmental Licensing Authority after its former director Luz Helena Sarmiento took the Environmental Minister’s role earlier this month.

Wednesday, September 25th, 2013
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Congressman says selling Ecopetrol share instead of Isagen preferable

Selling a small percentage of Ecopetrol (NYSE:EC) instead of the whole of electrical energy generator Isagén would be preferable for the government to raise money for a needed investment in infrastructure says the VP of Colombia’s Senate, Carlos Emiro Barriga.

Tuesday, September 24th, 2013
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Gas negotiation to start September 30

Colombia’s gas industry is moving towards an open market instead of using an auction system as a way to lower gas prices at the wholesale level. The full supply offer is set to delivered to the industry this week and the negotiation phase will start on September 30.

Tuesday, September 24th, 2013
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MinMinas facing tighter budget in 2014

The new mines and energy (MinMinas) minister Amylkar Acosta has arrived to a particular dilemma beyond the strikes and protests, as the ministry is facing a 16% cut in its 2014 budget.

Monday, September 23rd, 2013
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Masters of the E&P Contract

Masters of the E&P Contract

We published a similar article a few weeks ago. Unfortunately our data analysis suffered a technical problem that produced inappropriate conclusions. We apologize for any misunderstanding. Here is the completely revised and corrected data.

Sunday, September 22nd, 2013
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A kind of continuity at ANH

MinMinas Amylkar Acosta has named Ricardo Rodríguez Yee as Vice Minister of Energy replacing Orlando Cabrales who goes back to the National Hydrocarbons Agency (ANH) replacing Germán Arce, who – as of writing – leaves the government.

Sunday, September 22nd, 2013
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Energy minister: days of cheap fuel are over

Colombians might be paying at the pump, but Colombia’s Mines and Energy Minister Amylkar Acosta says the country cannot afford to put Ecopetrol’s (NYSE:EC) financial stability at risk, and that as long as crude prices remain high, gas will follow.

Wednesday, September 18th, 2013
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