Due to a more complicated process and requirements to get royalty projects approved by the National Planning Department (DNP), Colombia’s Federation of Municipalities wants an increase in the funds available to each entity to prepare royalty projects for submission.
In the third national meeting of Colombia’s four main workers unions the organizations formed a proposal to increase the minimum salary by 8%, and an increase in transport subsidies of 12% starting in 2014.
Almost exactly a year ago we published the results of Transparency International’s annual Corruption Perception Index. The graph shows that Colombia’s position has not changed, maintaining its score, its global ranking and maintaining its position relative to other Latin American countries seeking to attract oil and gas investors. The same cannot be said for all of its peers, some of whom have gotten much better (Ecuador) and some of whom have slid down the scale (Guatemala).
The Ministry of Mines and Energy (MinMinas) and the Ministry of Environment and Sustainable Development (MinAmbiente) have agreed to create a protocol and environmental guide for contractors to follow, citing in particular seismic exploration activities.
During the LXXII ordinary assembly of the 32 departmental governors the regional leaders will formulate a request for President Juan Manuel Santos to make a true push for greater administrative decentralization and regional autonomy.
The Ministry of Mines and Energy (MinMinas) published an outline of the policy alignments of the formula to set fuel prices, and said that prices will remain stable in December and have actually shown a 4% decrease compared to last year.
The Colombian government, by way of the Ministry of Mines and Energy (MinMinas) signed a memorandum of understanding with the US government in Washington DC to cooperate on energy matters.
It is far too easy to use stereotypes. We at HCC are as guilty as anyone of saying things like ‘heavy Llanos oil’. The phrase ‘Colombian royalties are 20%’ comes too easily to the tongue. The graph clearly shows the diversity of royalty percentages in the country and by basin.
A forum organized by social activist Ólder Alexis Cáceres on conflict and policies on natural resources claims hydrocarbons reform to protect natural resources is a must for lasting peace. Resources must be protected from profit-driven private industry, activists argue.
Senator Maritza Martínez said during a senate debate that the environmental and social damage caused by exploration and production in Arauca, Casanare and Meta are a cause of concern and create the need for public referendums like the one scheduled in Tauramena, Casanare.
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