Maria Fernanda Suarez, Minister of Mines and Energy (MinMinas), announced the royalties’ budget for the period 2019-2020. She highlighted that the government is optimistic about these resources, thanks to the increase in oil prices.
Local production of ethanol is insufficient to cover the demand for this fuel in Colombia, increasing imports. The United States Department of Agriculture made a report on ethanol exports, highlighting an increase in shipments to Colombia.
The new Collective Labor Agreement, valid for 4.5 years, could reduce production risks due to lower possibilities of having strikes.
The boom of anti-oil and mining popular referendums has created much discussion in the country about their use to prohibit extractive activities in the regions. The Mesa Hídrica del Piedemonte Llanero (MHP) spoke on this subject.
Former president of the National Hydrocarbons Agency (ANH), Orlando Velandia, spoke about the areas that would be offered in the country.
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.
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