President Álvaro Uribe (2002 to 2010) had only two Minminas: Luis Ernesto Mejía and Hernando Martínez. President Juan Manuel Santos (2010 to 2018) had seven. He also had six Ministers of Environment and five ANH Presidents. Would the industry be in a different place today if President Santos had shown the same consistency as President Uribe?
According to the head of the National Hydrocarbons Agency (ANH), Orlando Velandia, the country is preparing changes to its bidding process, aiming to increase investment and find new reserves.
From time to time, we like to look around the Latin American region and see how Colombia compares to its main rivals. This week Denton’s Jorge Neher takes a look at the off-again / on-again love affair between Ecuador and the oil industry. It seems like the mutual affection is on again and there are interesting opportunities.
The boom of the anti-oil referendums created uncertainty in the extractive industry in Colombia. However, the Constitutional Court could take a relevant decision on this important issue.
Delvasto & Echeverria Asociados conducted a study on the oil transport costs in the country. Results are not very encouraging, leaving the country in an uncompetitive position.
The fact that the National Hydrocarbons Agency (ANH) has not delivered any new blocks in the last four years, has the industry wondering.
Colombia has great expectations about the natural gas sector’s future in Colombia. Orlando Cabrales, President of the Colombian Natural Gas Association (Naturgas) made some recommendations to leverage the gas potential in the country.
The Minister of Mines and Energy (MinMinas), German Arce, spoke about the development of successful projects that have been possible thanks to the presence of the industry in Colombia. These and other stories in our periodic Royalties summary.
According to Colombia’s Chamber of Petroleum Goods and Services (Campetrol), the lack of government support is negatively affecting the industry.
The Colombian Petroleum Association (ACP) made recommendations to the government of Iván Duque to improve the performance of the industry in Colombia.
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