We held this spot in the newsletter assuming that Iván Duque’s inaugural address would have some interesting nuggets for oil and gas investors. Unfortunately, it was not that kind of speech.
The review and evaluation stage of projects submitted to access the Tax Refund Certificate (CERT) recently ended. The National Hydrocarbons Agency (ANH) and the National Mining Agency (ANM) highlighted that this process had excellent results.
The Ministry of Mines and Energy (MinMinas) spoke about the projects that transformed some of Colombia’s rural areas, thanks to the Production Incentive . These and other stories in our periodic Royalties summary.
The union quoted Sentence 796 of 2014, among others, to defend its right to ‘defend their rights’.
As they were going out the door, the ANH staff obviously got worried about those nasty ‘incompletes’ on the agency’s ToDo list. As we have complained many times, one of the most significant open items is – or was – the continuous assignment process, now officially dubbed the “Permanent Competitive Procedure”. Leopoldo Olavarria and his team at Norton Rose Fulbright have brought us this overview and commentary on the new procedures.
The Ministry of Mines and Energy (MinMinas) announced fuel prices for August this year.
The Congress must decide what will happen with the bill that seeks to ban fracking in Colombia. Carlos Andrés Santiago, promoter of the project, spoke on the matter.
The National Agency of Environmental Licenses (ANLA) ruled on environmental obligations in the country. Luis Gilberto Murillo, Minister of Environment (MinAmbiente) spoke about this decision and its positive effects on key issues such as investment and the environment.
Colombia has made a bet for the development of the offshore industry in the Caribbean region. The National Association of Entrepreneurs (ANDI) made some recommendations for the incoming president on this issue.
The Colombian Corporation of Agricultural and Livestock Research Corpoica (Agrosavia), investigated the Ecopetrol (NYSE: EC) treated produced water of with positive results.
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