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.
In a wide-ranging interview with RCN Radio, leading Presidential candidate Iván Duque said he would save oil industry income from good years to have a reserve for the bad ones.
Julio Cesar Vera, President of the Colombian Association of Petroleum Engineers (Acipet), spoke about the current situation of the industry in Colombia, its relationship with communities and oil prices in an interview with La Silla Vacía.
The La Lizama story will not die. The Inspector General’s office has opened investigations against a number of Ecopetrol (NYSE:EC) executives and against senior leadership in the ANH, the ANLA and the Santander regional environmental authority (CAS). Two ECP VPs have been suspended for three months.
Royalty money continues to be allocated to projects, but poor execution dulls its impact. A housing project in Arauca is the latest example. This story and others in our latest periodic summary of royalties-related stories.
2026, Hydrocarbons Colombia, All Rights Reserved.
