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Once again, the National Environmental Licensing Agency (ANLA) reported on how it is changing its working plan, to make it more efficient.

The oil sector has proposed to develop unconventional projects as the main solution to guarantee energy self-sufficiency in the long term. Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), spoke on this topic.

The National Development Plan (PND) states that the government can sell its shares in public companies, as a way to cover the fiscal gap. As controversial as it is, selling part of the NOC’s shares is on top of the authorities’ list.

The Minister of Mines and Energy (MinMinas), María Fernanda Suárez, confirmed that the government will follow the recommendations made by the Commission of Experts regarding fracking.

The Colombian oil sector faced tough times due to low oil prices and social conflict, but the industry managed to overcome this challenges and it is recovering lost ground. The Ministry of Mines and Energy (MinMinas) and the National Hydrocarbons Agency (ANH) reported Colombia oil and gas reserves in 2018, with positive results in term of oil, but there are concerns about the behavior of natural gas reserves.

The president of the National Hydrocarbons Agency (ANH), Luis Miguel Morelli, announced that the government will grant areas for gas exploration activities. Here are the details.

For the first time, the National Environmental Licensing Agency (ANLA) will strengthen its activities in the country’s regions, thanks to resources from the General Royalty System (SGR).

Acipet, the petroleum engineers’ association has been an important voice in defense of the industry’s interests. Here, the organization’s Chairman of the Board, Carlos Alberto Leal Niño, argues that the important work of transitioning away from fossil fuels in the future should be financed by developing the country’s hydrocarbons today.

President Iván Duque opened the event where the government introduced the Mission of Experts that will lead Colombia’s energy transition process.

Ministry of Finance (MinHacienda) Alberto Carrasquilla said that the government is analyzing the option of developing an oil hedge program at the end of the year. Ecopetrol’s (NYSE: EC) CEO, Felipe Bayón, spoke on the matter.