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During the 1st Energy Exploration Convention, the Colombian Association of Geologists and Geophysicists of Energy (ACGGP) addressed the recent 2023 oil and gas reserves report by the National Hydrocarbons Agency (ANH).

Amid the fallout from the ruling that reaffirmed the nullification of the tax reform article prohibiting the deduction of royalties from income tax for mining and oil companies, the Constitutional Court has offered a final lifeline to the government.

Amidst the growing uncertainty in Colombia’s hydrocarbon sector due to recently reported low oil and gas reserves, new controversial measures are being considered to boost exploration and production.

Darío Restrepo, Director of the Misión de Descentralización at National Planning Department (DNP), discussed the role of the General Royalties System (SGR) in funding Colombia’s peace agreement.

Frank Pearl, president of the Colombian Petroleum and Gas Association (ACP), shared his insights on the country’s energy transition, emphasizing the need for a tailored approach that addresses Colombia’s unique challenges and opportunities.

Ricardo Bonilla, Colombia’s Finance Minister (MinHacienda), discussed the implications of a recent Constitutional Court ruling regarding the deductibility of royalties, which is expected to result in substantial tax refunds to oil, gas and coal companies.

Former ombudsman (Defensor del Pueblo) Carlos Negret says the country is in the same situation it was in 1998. In Cauca, where he hails from, he is probably right. There are other similarities, like a peace process going nowhere it seems, but some differences.

In a significant move to bolster confidence among foreign investors, Colombia’s Minister of Commerce, Industry, and Tourism, Germán Umaña, assured Spanish entrepreneurs, that the country is committed to respecting foreign investments.

The Ministry of Mines and Energy (MinEnergia) released a draft resolution outlining the criteria and minimum requirements for the construction of electric and gas projects under the “Work for Taxes” mechanism.

The Colombian Association of Petroleum and Gas (ACP) will host the third edition of the “Hechos de Sostenibilidad” (Sustainability Facts) Grand Forum in Barranquilla.