News and AnalysIs for

Juan Manuel Santos, President of Colombia and German Arce Zapata, MinMinas, visited the Siluro-1 well drilled by Repsol (MSE: REP). They highlighted their commitment to the offshore industry in Colombia.

The Ministry of Mines and Energy (MinMinas), the Superintendency of Public and Residential Services, the Energy Regulatory Commission (CREG) and Palacios y Lleras law firm hosted the “Future of Energy in Colombia” forum at Javeriana University. HCC attended the event.

The National Planning Department (DNP) made the recommendation to the mining and oil municipalities of the country.

Guillermo Perry Rubio, former MinMinas, talked about the royalties’ model in the country in an interview with Portafolio. He said that the government must make changes to boost the sector and follow the example of other countries in the region.

Vice minister of Environment Carlos Botero, said that fracking activities are not taking place in the country. Environmentalists say the opposite.

The Colombian government wants to change the General System of Royalties (SGR) to finance the post-conflict. Mauricio Cárdenas, Minister of Finance, discussed the proposals but local leaders and academics, among others, are against it.

Antonio Sanclemente, Partner of the law firm Sanclemente Fernández Abogados (SFA), talked about the oil sector and its perspectives in an interview with Portafolio.

The controversy about possible modifications to the General System of Royalties (SGR) continues. While academics and regional authorities reject the idea of allocating part of the royalties’ budget to finance ‘peace projects’, the government says that the proposal is in line with what the country is going through. These and other stories in our Royalties periodic summary.

Representatives of the 13 countries of the Operational Network for Regional Cooperation of Maritime Authorities of the Americas (Rocram) participated in a workshop about the implementation of anti-pollution treaties.

The history of the mining and oil industry in Colombia took a turn after the popular consultation that took place in Cajamarca last month. Industry expert Francisco Miranda analyzed the situation.