The University of Los Andes and the Law-Firm Palacios Abogados organized a seminar about legal security and community conflict in the mining industry. Some topics discussed at the event are like those in the hydrocarbons sector; we bring a brief summary of the meeting.
The political magazine Semana organized a forum called “Restitution transforms lives and builds peace” in Bogotá. HCC was present at the event; we bring a brief summary of the meeting.
The president of Colombia’s Congress, Senator Mauricio Lizcano has an ambitious and tight schedule ahead for the remainder of the 2016 legislative season, with several big items on their way including the pending tax reform and the peace agreements between the government and the Farc.
The Colombian Chamber of Oil Goods and Services (Campetrol) wants the government to create a special “single window” for the oil industry that would handle all of the processes and requests associated with the licensing and socialization process.
The 2017-18 budget for the General Royalty System has passed through its first debate in the joint Senate and Lower House economic commissions, but the debate did uncover many of the complaints against the system and its results.
Controversy over ConocoPhillips (NYSE:COP) project in Cesár has brought unconventional technologies back into the press limelight and the balance has not been positive.
During the recent debates on the 2017-2018 royalty budget, Centro Democratico Senators Ivan Duque and Oscar Darío Pérez complained that most projects were subscale and so lacked impact. With the data we collected for our recent long article on fairness, we had the information necessary to look at the question.
Even though Colombia has natural gas reserves which are set to last for another six years, if no new discoveries are made then imports to cover national demand would have to start in 2018 due to problems in the distribution and transportation of gas.
The Ministry of Mines and Energy (MinMinas) has confirmed that 18 companies -12 from the hydrocarbons industry- will participate in the second Extractive Industry Transparency Initiative (EITI) report which will cover income and payments made in 2014 and 2015.
The two largest hydrocarbons-producing departments, Meta and Casanare, get special attention from national and regional media regarding their share and use of royalty funds. Both have a number of what DNP calls ‘critical’ projects.
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