Search for your article of interest

Regulations & Policy

Meta Governor provides more detail on refinery project

Alan Jara, Governor of Meta, told El Espectador more about the refinery that will begin construction this year in Meta. According Jara, the project is expected to be completed in late 2015. The refinery construction is in charge of the Llaso Company, managed by Ricardo Rodriguez. Llaso emerged from the partnership between the U.S. Company Solver Structural Partnership and Petroleos del Llano, created by the Government of the Meta in 2012.

Thursday, January 10th, 2013
Usefulness:
Petroleum FDI down in 3Q12 but still up over 2011

Petroleum FDI down in 3Q12 but still up over 2011

According to a Central Bank report, the the oil, mining and quarrying sector accounted for over half of Foreign Direct Investment (FDI) in Colombia between January and September 2012. The commerce and hotels sector accounted for 9% while transport and communications accounted for 10% of FDI. The FDI for electricity, gas and water was 5% and 10% for manufacturing. Meanwhile, other sectors contributed 12% of the FDI.

Friday, January 4th, 2013
Usefulness:

Colombia reached the goal of producing one million oil barrels per day

For at least one day in 2012, the country achieved the goal of 1Mbd. From a MinMinas press release, translated and with comments

Friday, January 4th, 2013
Usefulness:

Record breaking year in 2012

The Colombian Ministry of Mines and Energy provided a year-end summary, highlighting some of the records achieved in 2012. From a MinMinas press release, selected, translated and with commentary by Hydrocarbons Colombia.

Sunday, December 30th, 2012
Usefulness:

Congress passes tax reform – Industry dodges more than one bullet

On the evening of December 19th, the Colombian Congress passed a comprehensive tax reform. It is intended to be revenue neutral – neither increase nor decrease government revenues – although this is always a theoretical calculation. The intention was to reduce inequality by lowering taxes on the middle class through raising the threshold below which individuals do not pay income tax. This was compensated by raising taxes rates above the threshold and by slightly higher corporate taxes (1% higher). However the hydrocarbons industry dodged several bullets aimed by at it by congressman Simon Gaviria.

Thursday, December 20th, 2012
Usefulness:

MinMinas predicts year-end production figures

Caracol Radio reports that in the sector’s “Rendering of Accounts”, Minminas Federico Renjifo referred to 2012’s oil production delays. According to Renjifo: “Although there have been days we’ve been above 980,000 barrels and production for over a million barrels is achievable, sometimes we have had problems in pipelines, we have had licensing issues, but the number of barrels produced surpass 980,000 barrels on some days”.

Thursday, December 13th, 2012
Usefulness:

MinMinas re-hashes ANH results

Monday December 10, 2012 was the regular “Rendering of Accounts” for the Ministry of Mines and Energy. These sessions are important for the public to understand what has been accomplished and they provide an opportunity for feedback and questions. Unfortunately we struggled to stay awake because MinMinas had virtually nothing new to say about the sector that had not been said at the National Hydrocarbons Agency (ANH) “Rendering of Accounts” session on November 30. We were disappointed.

Tuesday, December 11th, 2012
Usefulness:

Development push for oil-rich but troubled Putumayo

It was telling that MinMinas reported that President Juan Manuel Santos announced a plan to boost the Putumayo department development. The department is one of the poorest and yet is the focus of much oil exploration and production. The projects initiated or ongoing have to do with issues of energy, roads, health, education, land titling and victims’ restitution. According to Santos, the government will set a special price for gasoline in this border department and there will be permanent electricity in Puerto Asis.

Tuesday, December 11th, 2012
Usefulness:

Oil sector issues hit the popular press

National business magazine Dinero has finally recognized the challenges facing the industry. The article points out that while the oil industry is one of the strongest in the country, there has been no major oil discovery recently, terrorist attacks on pipelines continue, there are delays with the environmental licensing (as we recently reported) and strikes and shut-ins in the oil fields.

Monday, December 10th, 2012
Usefulness:
Colombia scores well in Transparency International Ranking

Colombia scores well in Transparency International Ranking

The NGO Transparency International released its Corruption Perceptions Index 2012. The index scores countries on a scale from 0 to 100 where a 0 score indicates that a country is very corrupt and a 100 score indicates that it is very clean. None of the 176 countries included in the index got a perfect score.The graph here shows the ranking of all the countries in the study with lower ranked being better.

Saturday, December 8th, 2012
Usefulness: