News and AnalysIs for

The country’s Green Growth Commission, headed by economist Hernando José Gómez, announced its goals to achieve a ‘green economy’ in 2030.

Colombia will elect a new president among the candidates Iván Duque and Gustavo Petro next Sunday and their proposals for the oil and mining sectors are polar opposites. The newspaper El Tiempo made a summary of the proposals and the positions of both candidates on these issues.

Colombian economic thinktank, Fedesarrollo, recent published a slide deck with a strong condemnation of the way prior consultation takes place. It calls for normalization of procedures and clarification of responsibilities between different levels of government.

The Ministry of Mines and Energy (MinMinas) spoke about an issue that is not often discussed: gender equality in the industry.

Colombia’s Central Bank (Banrep) released 1Q18 Foreign Direct Investment (FDI) figures for the country. This increased in the sector compared to same period last year, but dropped compared to 4Q17. Total FDI decreased in Colombia.

The Colombian oil and gas sector is no stranger to ‘fake news’, especially when it comes to fracking. The ANH decided to reply to one of the most persistent stories.

Raul Gallegos is Control Risk’s Associate Director based in Bogotá and he keeps an eye on extractive industries. Here he addresses the challenge of royalties in the context of social conflict and with the backdrop of the upcoming Presidential Elections.

With less than two months left in this government, the most important measure from the package announced in September 2015 is not going to happen. The bureaucrats have effectively killed the idea of permanent block assignments by avoiding doing anything before time expired.

As the Santos Government comes to a close, we are back to the ‘Everything is awesome!!!’ campaign, this time with respect to royalties. It did not convince us last time and although the evidence is compelling, we do not agree with the evaluation criterion, so we remain unconvinced.

The National Administrative Department of Statistics (DANE) reported Colombian exports value in April. It increased compared to the same period last year and the extractive sector played a key role in this behavior.