News and AnalysIs for

The Works-for-Taxes program is one of the most interesting ideas by the Colombian Government that we have seen in a long time. It is long-established in Peru and companies that saw it work there have advocated for its adoption in Colombia.

Bogotá’s transport system, TransMilenio, will renew many of its buses and the local Council suggested giving additional points to proposals that offer technologies that have zero emissions of polluting gases.

Political and economic problems in South American countries are leaving a gap in oil exports to the United States that Colombia is levering. Experts talked about this situation, as well as of opportunities for the country.

The Ministry of Mines and Energy (MinMinas) announced the successful development of projects financed with the Incentive to Production, but authorities warned about irregularities in the development of other projects. These and other stories in our periodic Royalties summary.

Industry entrepreneurs highlighted the city’s offshore potential and talked about what should be done to maximize upcoming opportunities.

The government created the carbon tax with the aim of generating resources for the protection of the environment, but a conflict has arisen between the Ministry of Finance (MinHacienda) and the Ministry of Environment (MinAmbiente) over the use of this tax.

This will be published on Monday May 14, a Colombian holiday (Ascension Day if you are curious) and the start of the final push for Colombia’s Presidential elections (on May 23^rd). Two weeks from today we should have significantly more clarity on the next Government and so significantly more clarity on oil policy for the next four years.

German Arce, Minister of Mines and Energy (MinMinas) announced progress on the Tax Refund Certificate (CERT). He highlighted that companies of the extractive sector are very interested in this issue.

Environmental lawyer Rodrigo Negrete spoke about the current situation of popular consultations in Colombia, and about the recent judicial decisions that could jeopardize them.

Luis Fernando Mejía, Director of the National Planning Department (DNP), spoke about the General System of Royalties (SGR). He answered the Comptroller General’s concerns.