I promised this three weeks ago now but, fortunately, we received a couple of important expert contributions on Ecuador and the new ‘permanent’ assignment process. Now that we are officially out of the Santos era and into the Duque era, it seems less important to do this. But a promise is a promise…
The development of unconventional projects is one of the main alternatives to resolve concerns about oil self-sufficiency in the long term in Colombia. However, this has generated much controversy over the use of techniques such as fracking and Colombian politicians are discussing this issue.
President Ivan Duque swore in María Fernanda Suárez as Colombia’s new Minister of Mines and Energy (MinMinas).
The Colombian Association of Petroleum Engineers (ACIPE) talked on the possibility of implementing fracking in Colombia. Julio Cesar Vera, President of ACIPET, spoke on this subject in an event about heavy crude in Bogotá.
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.
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