The intention to carry out anti-oil and mining referendums continues to grow around Colombia. The industry has many concerns, and these grow with a move to carry out referendums to approve or deny offshore exploration.
The Ministry of Mines and Energy had announced a reduction in fuel prices for July, but a few days later changed this decision and increased them. The Colombian Federation of Cargo and Logistics Transporters (Colfecar) referred to this switch and gave recommendations.
The 23 municipalities that have popular consultation processes against oil activities might jeopardize the production of around 120mbd, and the future of at least 14 exploration projects.
With the aim of boosting the national economy, the government will speed up the implementation of un-used royalties during the second half of this year, and will seek to approve hundreds of projects in all regions. These and other stories in our periodic Royalties summary.
Anti-oil and mining referendums continue in different regions of the country and it is affecting mining and oil projects. Arbeláez and Pijao carried out these legal mechanisms to allow or reject the development of the mining and oil industry in their territories. As expected, the results were negative for the sectors.
Julio Cesar Vera, president of the Colombian Association of Petroleum Engineers (Acipet) spoke about the subject.
The Board of Administration and Decision (OCAD) approved projects in Casanare, Sucre and the Caribbean. President Santos, the Ministry of Mines and Energy (MinMinas) and the Monitoring and Evaluation System Entity (SMSCE) highlighted the importance of the projects in oil producing regions. These and other Corporate Social Responsibility (CSR) stories in our periodic summary.
The interest in popular referendums against mining and oil activities continues to grow around Colombia. Yopal is in process to start a new popular consultation.
During the Hydrocarbons Forum that took place in Yopal (Casanare,) former President Álvaro Uribe and his five pre-candidates for the presidency made recommendations to achieve a more sustainable and progressive oil activity in Colombia.
The country has huge expectations for the offshore industry and authorities aim to bootstrap this sector. The Ministry of Commerce talked about this issue and gave her perspectives.
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