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Regulations & Policy

Heavy legislative agenda as ‘peace’ crowds out other topics

Implementing the peace agreement with the Farc will occupy much time with the Congress and Senate this coming quarter. There will probably be little time for anything else.

Monday, January 16th, 2017
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USO starts 2017 taking over Bucaramanga’s CAL

Óscar Sánchez, president of USO Bucaramanga said that appointing Luis Guillermo Vélez Atehourtua as head of Ecopetrol’s health administration motivated them to start the year with a peaceful takeover Bucaramanga’s CAL (medical center).

Monday, January 16th, 2017
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ACP hopes for a better 2017

The Colombian Petroleum Association (ACP) hopes to see a rebound in the sector in 2017 after concluding a negative year in 2016 which saw a steep fall in prices, lower production, investment and exploration.

Thursday, December 22nd, 2016
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Reficar cost overruns should be analyzed in detail.

After the report presented by the Office of the General Comptroller on CBI and Reficar’s contracts, there are “more questions than answers.” According to the Colombian press there would be a loss to the nation of CoP$8.5T, but the presumed cost overruns should be examined in detail.

Thursday, December 22nd, 2016
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Carbon tax on producers, not consumers

Another tidbit from the ongoing discussion surrounding new taxes levied as part of Colombia’s tax reform: a proposed carbon emissions tax will be levied on the producers of fossil fuels, oil derivatives and importers, not on the consumers which use them.

Wednesday, December 21st, 2016
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MinAmbiente explains benefits of green taxes

The Minister of Environment (MinAmbiente) Luis Gilberto Murillo explained that green taxes, like a levy on carbon emissions, are important for Colombia’ sustainable development and for meeting the country’s environmental goals.

Wednesday, December 21st, 2016
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Gas reserves more critical than crude, says UPME

Gas reserves more critical than crude, says UPME

The Energy Mining Planning Unit (UPME) has updated its interim natural gas plan and warned that even though there are more years of natural gas reserves in the country than those of crude, this fuel has more worrisome consequences if supply becomes scarce. The UPME reinforced plans for importing.

Tuesday, December 20th, 2016
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Congress eyes taxes for natural gas

An attempt by congressional members to place a tax on natural gas brought about a quick rejection from the Colombian Natural Gas Association (Naturgas). Lawmakers appear to have backed down, but it raises a number of questions as to the tax strategy for fossil fuels.

Tuesday, December 20th, 2016
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Plans for Pacific regasification plant taking shape

A port investment group (PIO SAS), is pushing forward to build Colombia’s second regasification plant called Puerto Solo, which would be located in Buenaventura, following the inauguration of Colombia’s first regasification plant Puerto Cayo in Cartagena.

Monday, December 19th, 2016
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The CREG presents management report

The Energy and Gas Regulation Commission (CREG) recently organized an event to show its results during 2015 and 2016. HCC was present at the event; we bring a brief summary of the meeting.

Thursday, December 15th, 2016
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