News and AnalysIs for

Colombia is analyzing the possibility of using fracking to guarantee the country’s energy self-sufficiency in the long term. Luis Gilberto Murillo, Minister of Environment (MinAmbiente), spoke on this issue.

At the third congress of the Colombian Petroleum Association (ACP), Minister of Mines and Energy (MinMinas) Germán Arce spoke about the economic benefits that the industry has brought to the country. These and other stories in our periodic Royalties summary.

Possible modifications to the General System of Royalties (SGR) were discussed at the third congress of the Colombian Petroleum Association (ACP); presidential candidates gave their opinion on the matter.

The sun had set and maybe a third of the room had already either gone home or was hanging around outside waiting for the bar to open when Mauricio Cárdenas took the stage at the ACP’s annual conference to talk about a key industry issue: the incentive known as CERT.

The National Hydrocarbons Agency (ANH) announced an oil round for this year, which will not finish until next year, despite the entity’s plans.

The ACP’s 2017 congress kicked off yesterday on an up-note, with attendees showing more confidence than in recent events. Starting with Chairman Guillermo Fonseca’s welcome speech, we think the event also kicked off a return to the debate about the roles of State and company in rural development.

Industry specialized newspaper Crudo Transparente, together with Jorge Tadeo Lozano University, hosted a forum to discuss oil and popular referendums. HCC was present at the event; we have a summary of the meeting.

Through the Resolution 40907, the Ministry of Mines and Energy (MinMinas) approved the incentive to mining and oil production for the two-year period 2017-2018.These and other stories in our periodic Royalties summary.

The national government created the Bolsa de la Paz (literally: Peace Allocation) to distribute these resources around the country, as long as the municipalities meet certain requirements. There are several regions ready to receive the resources.

Most of the General System of Royalties (SGR) budget goes to the areas of infrastructure, education, culture, sport and recreation, mines and energy, and agriculture.