News and AnalysIs for

An initiative to improve the direct allocation of royalties to oil producing regions was filed by Congressman Jorge Camilo Abril, and Collegiate Bodies for Administration and Decision (OCAD) in Magdalena and Bogotá announced the development of new projects. These and other stories in our Royalties periodic summary.

The National Hydrocarbons Agency (ANH) is working to face the boom of popular referendums around Colombia. The ANH is talking and socializing projects with communities to prevent referendums in the future and it seems that it is working.

The National Hydrocarbons Agency (ANH) held an internal accountability session to discuss issues related to its management and results.

The president of the National Hydrocarbons Agency (ANH,) Orlando Velandia, spoke about the information program that the industry is currently developing throughout the country.

After the Colombian Association of Petroleum Engineers (Acipet) requested a third injunction against popular consultations in the country, the Administrative Tribunal of Cundinamarca suspended the popular consultation in Pasca (Cundinamarca.)

Colombia has many offshore projects to develop in coming years. Companies are preparing and Barranquilla as well.

With the new ruling, the Government would not alter the mechanism of citizen participation, but would seek to integrate it to the development of extractive projects.

The National Government asked La Guajira’s authorities to be accountable for the projects that are being financed in the department with the royalties’ budget, but they failed to comply with this demand. These and other stories in our Royalties periodic summary. 

Colombian authorities have been working to boost the oil sector and they have high expectations for offshore projects. There was no clear and complete regulation for the offshore industry but now Ministry of Mines (MinMinas) just published signed one into law.

The offshore potential in the Caribbean Sea are raising expectations in the Colombian coast. Many municipalities and departments are working to attract companies to their territories.