News and AnalysIs for

The General Comptroller’s Office investigated projects financed with royalties’ resources in Casanare; a department known for its irregularities in the use of these resources. These and other stories in our periodic Royalties summary.

The oil sector considers that unconventional projects are the key to guarantee energy self-sufficiency in the long term. Barrancabermeja has potential in these types of projects, but Dario Echeverri, mayor of the city, made a proposal that could affect several plans in the region.

Gustavo Petro, who continues to lead electoral polls along with Ivan Duque, spoke about his proposals regarding the mining-energy industry.

The environmental emergency in La Lizama generated changes, including, according to the press, potential impacts on the development of Ecopetrol’s (NYSE: EC) pilot project for fracking.

Oil prices and dollar exchange rates are two of the most-watched metrics in the country. These two have had a variable behavior in recent months. Mauricio Cárdenas, Minister of Finance, spoke on this issue and the benefits of an increase in oil prices.

Oil companies have allocated significant resources to social investment in recent years, despite Colombia’s social and security issues. The oil boom helped to increase this metric, but investments continued despite the oil crisis.

Industry experts took the stage of the International Congress of Clean Energy to talk about the impact that these resources would have on energy tariffs in Colombia, among other topics.

The Ministry of the Environment (MinAmbiente) announced that the country is satisfactorily progressing in this process that will bring it a step closer to taking actions to face climate change.

German Arce, MinMinas, participated in the International Congress of Renewable Energies, organized by the World Energy Council Colombia and the Association of Renewable Energies (SER). He talked about the energy matrix of Colombia and natural phenomena that affect the costs in the system.

The Constitutional Court endorsed a reform to the General System of Royalties (SGR) that seeks to allocate economic resources to finance projects related to the post-conflict process. These and other stories in our periodic Royalties summary.