National Hydrocarbons Agency (ANH) new director, Luis Miguel Morelli, spoke about the process that the entity is developing to set clear rules for the use of fracking.
The boom of the popular referendums created uncertainty in the Colombian extractive sector and authorities have pronounced on these mechanisms of popular participation. Last week, the Constitutional Court revoked a popular consultation, but the State Council made a different decision in another municipality.
The union will soon vote to choose its new directors at a national and local level. Here are the details.
Oil prices slipped slightly this week on continued fear of a global economic slowdown but Colombia’s policy makers cannot seem to decide if this is a good thing or a bad thing. I would have thought this was a straightforward question with a straightforward answer.
The debate over gas subsidies continues. Here is what Colombia’s Propane Association (Gasnova) and the Association of Natural Gas (Naturgas) have to say.
The extractive sector has to face many challenges to operate in Colombia, but the lack of legal security has become one of the main problems for this industry.
Colombia continues talking about the possibility of developing unconventional projects via the hydraulic fracturing technique (fracking). The Colombian petroleum workers (USO) spoke about this alternative and its potential in some municipalities of the country.
Last week, the Constitutional Court revoked the popular consultation (referendum) that took place in the municipality of Cumaral (Meta), in June 2016. Experts debated the matter.
The increase in oil prices has generated high expectations in Colombia due to its economic benefits for the country’s public finances. The government is working on alternatives to take advantage of this situation.
Communities have said ‘No’ to the industry in different occasions, but once local authorities heard of a possible increase in royalties’ resources, popular consultations started to seem ‘inconvenient,’ all of a sudden.
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