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.
At an event hosted by consulting firm Willis Towers Watson, attorney Carlos Mantilla McCormick, expert on the Colombian energy sector, presented his vision on the Agreement 2.
Colombia’s Central Bank (Banrep) released 1H17 Foreign Direct Investment (FDI) figures for the country. This increased in the oil and mining sector compared to the same period last year, but total Colombia FDI decreased.
The National Hydrocarbons Agency (ANH) announced the date for a new Round, after postponing it a couple of weeks ago for bureaucratic reasons. There has not been a bid round since 2014.
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