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The Colombian government implemented a new General System of Royalties (SGR) in 2012, and one of the main goals was to improve the administration of these resources. However, some regions still have problems with these resources.

The Vice Minister of Mines and Energy (MinMinas), Carolina Rojas, took the stage of the VIII Canada – Colombia Forum to talk about royalties, communities and the mining industry. We attended so our Bottom-Line goes beyond the MinMinas press releases.

Humberto Calderon Berti, consultant and former president of PDVSA, spoke about Colombia oil potential. He gave some recommendations to improve the competitiveness of the Colombian sector.

The Ministry of Mines and Energy (MinMinas) spoke about the energy transition process’ benefits in Colombia. María Fernanda Suarez, MinMinas, highlighted the role of natural gas in this process.

Luis Miguel Morelli, President of the National Hydrocarbons Agency (ANH), spoke about the ‘agreement 02’ and the entity’s plans for this law. He pointed out that the ANH seeks to attract new investors and increase the country’s competitiveness.

At the Oil and Gas Summit, both MinMinas Maria Fernanda Suárez and ANH head Luis Miguel Morelli promised a competitiveness study to see where Colombia had to improve its regulation. The well-respected Canadian extractive-industry think-tank, the Fraser Institute (FI) has either done that for them or given them a place to start.

The ‘100-days’ stories were a week or two ago and I had planned to write a ‘Duque-year-end-in-review’ article on December 17^th, my last ‘long-form’ article of the year. But well-respected think-tank Inter-American Dialogue published this report last Friday and I thought I should take advantage of the multiple points of view.

The Ministry of Mines and Energy (MinMinas) explained how entrepreneurs will avoid double processes when trying to access tax benefits.

Invest Bogota conducted a study on the different alternatives to reduce costs in the oil sector. In addition, BDO Colombia spoke about the situation of the sector in this issue.

The director of the National Agency of Environmental Licenses (ANLA), Rodrigo Suárez, hosted an event where he spoke about the entity’s accomplishments with entrepreneurs.