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Regulations & Policy

United for Ecopetrol campaign pounces on MinHacienda letter

A letter submitted to congress from the Finance Ministry (MinHacienda) detailing the government’s stake in Ecopetrol (NYSE:EC) and another 29 state owned firms sparked alarms form the recently launched “United for Ecopetrol” as proof the government plans to privatize the NOC. The ministry said it is a routine and legally mandated letter submitted each year.

Wednesday, March 23rd, 2016
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IG investigating officials linked energy shortages

The Inspector General Alejandro Ordóñez said that his office will start a disciplinary investigation into officials involved in the shortage of electrical energy and natural gas.

Tuesday, March 22nd, 2016
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Less FDI dependence on extractive sectors

The amount of Foreign Direct Investment (FDI) has fallen with oil and mineral prices, but data from the central bank suggests that other sectors have been able to increase their share and volume of investment.

Tuesday, March 22nd, 2016
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Oil patents dropping in Colombia due to price drop

The number of registered patents in Colombia, an area where it has led many other regional producers, has fallen off since the start of the oil price crisis. The Chamber of Oil Goods and Services (Campetrol) warns that this will make the country less competitive in the near future.

Tuesday, March 22nd, 2016
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ACP calls on Santos for new round of benefits

During a three hour meeting in the presidential Palace, the Colombian Petroleum Association (ACP) presented a series of measures to President Juan Manuel Santos, which would lighten the fiscal load on the industry and review transportation costs, to boost the oil & gas industry.

Monday, March 21st, 2016
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Naturgas Congress sparks debate

The 19th Congress of the Colombian Natural Gas Association (Naturgas) provided the venue for a debate on the future of the natural gas industry and gas supply, with Naturgas assuring current problems are not a larger trend, while the Colombian Petroleum Association brought up concerns on Colombia’s self-sufficiency.

Monday, March 21st, 2016
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The challenges awaiting the new MinMinas

When President Juan Manuel Santos chooses a new Minister of Mines and Energy (MinMinas), they will not be arriving to a clean slate, and will be obligated to hit the ground running to deal with short term emergencies and longer term structural changes.

Thursday, March 17th, 2016
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Stagnant biofuels activity

A shifting rationale and regulatory framework have meant that Colombia’s biofuels industry has lost its momentum, and industry associations say the government has not kept its end of the bargain.

Thursday, March 17th, 2016
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Five years, six ministers

When the replacement to now former Minister of Mines and Energy Tomás González is named it will be the sixth minister to hold the post in the last five years, an uncomfortable fact that points to a lack of proper planning.

Wednesday, March 16th, 2016
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Despite pressure, ECP formally suspends Barrancabermeja Refinery project

Although it has served as a lightning rod for government criticism in Barrancabermeja, Santander, Ecopetrol’s (NYSE:EC) board of directors gave a definitive suspension to plans to modernize the city’s refinery in the 2016-2020 strategic plan.

Tuesday, March 15th, 2016
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