Last week we wrote a very high-level summary of the Commission of Expert’s recommendations on fracking. This week we go one level deeper and look at the recommendations in detail. Next week will publish our summary of the commission’s findings and conclusions.
The long-awaited report of the commission of experts was presented to the public Thursday afternoon. We attended. The study concluded there was much opportunity but much uncertainty so the country should run a pilot. Which is what Ecopetrol had proposed last year.
Mechanisms of citizen participation such as popular referendums have been one of the main discussion topics in Colombia, as these has affected extractive sector development. The Constitutional Court ruled on this issue.
President Duque promised to encourage the growth of the extractive sector in Colombia. The Ministry of Mines and Energy (MinMinas) published a project with the guidelines and budget to achieve it.
The government recently announced its National Development Plan (PND), which according to senator Guillermo García (Liberal Party), will have a negative impact on the country’s middle class.
The Colombian government announced its development plan for the current Presidential period, and energy security occupies a special place in this document. This time we will talk about the government’s goals in this issue.
The Ministry of Mines and Energy (MinMinas) spoke about new regulations and why they will boost Colombia’s development this year.
The government restarted the process to award offshore E&P contracts in the Colombian Caribbean, aiming to boost investments during 2019.
Alberto Carrasquilla, Minister of Finance (MinHacienda), made a proposal about the country’s participation in the Ecopetrol (NYSE: EC) stake, creating a huge debate in Colombia. Analysts spoke on this topic.
The Colombian government announced its development plan for the current Presidential period, and the mining-energy sector plays a key role in this project. Authorities explained their plans and goals to boost this industry.
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