The National Federation of Departments (FND) said that centralizing royalties affects the development of projects in the regions, while the government argued that it supports autonomy but called for absolute transparency to prevent corruption cases.
Gulfsands Petroleum plc (AIM: GPX) announced an update of the terms and conditions governing its Putumayo-14 License (PUT-14 license) in Colombia, after negotiations with the ANH.
Different Collegiate Bodies for Administration and Decision (OCAD) announced the approval of royalty-funded projects in the departments of Casanare, Tolima and Valle, among others. These and other stories in our periodic Royalties summary.
The deadline for companies to make comments on the terms of reference of the Sinú – San Jacinto auction was October 10th. National business paper Portafolio published the ACP’s comments.
The 14-week schedule that was initially established by the National Hydrocarbons Agency (ANH) for the Sinú- San Jacinto tenders was extended to 24 weeks.
Colombia’s Attorney General is investigating several officials of Hupecol Operating Co. for possible environmental damage.
Senator of the U Party, Maritza Martínez, asked the government and the industry to stop stigmatizing popular consultations because they are a citizen participation mechanism that allows locals to defend their natural resources.
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.
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