As we noted a few weeks ago, the Colombia-Canada Chamber of Commerce’s Mining and Energy Committee prepared a set of recommendations for María Fernanda Suárez, the new MinMinas. These were delivered to her at a private meeting in Cartagena. We have translated the full document and obtained the Committee’s permission to publish it.
The Colombian Engineer’s Association (ACIEM) held its annual Enercol conference this week and its president Ismael Enrique Arenas talked about unconventional projects, their benefits for hydrocarbons reserves and regulation.
The Colombian Engineer’s Association (ACIEM) held its annual Enercol conference this week and Orlando Velandia made what looks to be his last speech as President of the ANH. We were there and brought back this report.
Energy associations are worried about energy subsidies being cut off, and demanded an answer form the Minister of Mines and Energy (MinMinas) and the Minister of Finance (MinHacienda).
Senator of the Centro Democratico political party, María del Rosario Guerra, spoke about how royalties’ resources could help save ecosystems in the department of Sucre.
Fracking has been a controversial subject for communities, but if anyone will benefit from the development of this technique, it is them.
Ricardo Lozano, Minister of Environment and Sustainable Development, spoke about the priority issues for the entity and the strategies to work on these issues.
Colombia has discussed high fuel prices and the convenience of the ‘magic formula’ in recent years. However, current oil prices are forcing this metric to increase, despite dissent from consumers and many segments of industry.
According to official figures, Colombia’s FDI increased during August as a result of oil industry investments.
The oil sector has proposed the development of unconventional projects to increase the country’s oil reserves and ensure self-sufficiency in the long term. However, this has generated much controversy and many Colombians have expressed their rejection of this possibility.
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