The government is analyzing a decree that could help mitigate the tension between the industry and communities; so far, feedback on the infrastructure for taxes initiative has been positive. These and other stories in our Royalties periodic summary.
Claudia González, director of the National Authority for Environmental Licenses (ANLA) gave a positive outlook forthe industry’s situation in Colombia.
The National Planning Department (DNP) announced that there are almost CoP$12T accumulated in royalties budget all over Colombia, but departments have already started to present projects in different areas to the Collegiate Bodies for Administration and Decision (OCAD.)
The boom in anti-oil and mining referendums is generating a lot of uncertainty with companies and investors. Juan Manuel Santos, President of Colombia, spoke about this issue (for the first time in a while) in a business meeting.
Corruption cases in Colombia are unfortunately common and there is a new one emerging. The Colombian Attorney General’s office conducted an investigation against Cúcuta former judges, whose decisions affected Ecopetrol (NYSE: EC).
Experts in the energy industry said that with such a drastic cut in the industry’s budget; about 10 million users could lose their access to energy service.
The country is facing times of high legal uncertainty because of the boom in popular consultations against the oil and mining sectors. Mauricio Cárdenas, Minister of Finance, talked about this situation and consequences of these actions.
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.
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