The idea of allocating a portion of the royalties budget to finance the post-conflict process has been controversial in the country. Not only has the Inspector General said it will “check the initiative with a magnifying glass”, but President Santos announcement of allocating science and technology resources to build tertiary roads caused a major discord in the country.
Gas supply has been one of the main issues in the country. The government has identified the main investments that the natural gas industry needs to guarantee self-sufficiency in Colombia. .
The new resolution will define the conditions for biogas and biomethane service at a domestic and industrial level in Colombia in terms of quality, safety and tariffs.
Colombian President Juan Manuel Santos, met with members of the sector to discuss the challenges for this year. At the meeting, they also talked about the sector’s progress during last year.
Communities often complain about low hiring of local labor. Authorities have issued a new regulation on this subject for department of Meta.
The oil industry has had to face a complicated situation in recent years. The oil price drop affected all companies in the sector. Opinions are mixed about performance this year.
The Government formally requested Colombia’s early validation to the Extractive Industry Transparency Initiative (EITI), and will sponsor the Dominican Republic’s entry
The Sectorial Studies Direction of the General Comptroller conducted a discussion on natural gas and its supply. The Mining Ministry (MinMinas) and the Energy Mining Planning Unit (UPME) participated in the event.
The government plans to propose a law to allocate 7% of the royalty resources to the post-conflict process. Some governors believe that this measure will promote centralism.
The National Government failed to receive about CoP$23.6T due to the oil price drop and the sector crisis affected everyone. In September 2015, the National Hydrocarbons Agency (ANH) announced improvements and incentives to boost the sector. Nearly a year-and-a-half later, finally, the new regulation has been approved.
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