Colombia’s mining vice minister Natalia Gutiérrez said that the government has decided to implement the Extractive Industries Transparency Initiative (EITI), joining Peru as the second nation in South America to do so.
The industry has a public image problem so Alejandro Martínez, executive president of the Colombian Petroleum Association wrote an open letter to outline the selling points to the general public as a sector that brings both social and economic growth and plenty of income for the state though taxes.
The peace process in Colombia awaits a crucial date on Saturday, May 25, when the 9th round of peace talks is scheduled to draw to a close, and according to local paper El Tiempo the issue of land rights should take center stage as a make or break item in the ongoing process. According to the report, a proposed agreement over land rights, and its success or failure, is likely to be revealed this coming Sunday.
Colombia’s financial regulator SuperFin is preparing a set of norms that will regulate the information provided by companies in the hydrocarbon and mining industries for the general public and investors.
That was the gist of the message from MinMinas Federico Renjifo in response to a version of the above graph at the CiMinPetrol 2013 congress in Cartagena last week. It had been presented by Raul Espinosa, a Venezuelan economist with a long history of working in the industry, currently at the InterAmerican Development Bank.
Colombian Senator Maritza Martínez Aristizábal has tightened her message on the Pacific Rubiales and Ecopetrol relationship, and requested that Ecopetrol assume control of the Rubiales oil field.
The Colombian President Juan Manuel Santos addressed the attendees of the International Mining and Petroleum Conference in Cartagena on Wednesday calling a responsible and sustainable mining and oil industry “the main financier of the transformation in Colombia,” but avoided some of the sensitive topics industry leaders and investors wanted to hear.
The Center for Analysis and Public Affairs (CAAP) has presented its first ranking of how well departments are managing royalties –whether direct, indirect, regional compensation, or for science/innovation- as a tool for the public debate surrounding the use of these funds.
Colombian Senator Maritza Martínez Aristizábal has questioned the relationship and awarding of contracts between the state and Canadian oil and gas company Pacific Rubiales ahead of senate discussions surrounding a contract with Ecopetrol set to expire in 2016.
The Quifa/Pacific Rubiales/Ecopetrol story never dies! Now the Comptroller General (a kind of Auditor General) weighs in on the March 13, 2012 ruling to emphasize the difference in current WTI prices versus the historic prices, and therefore the Colombian state risks losing US$13M.From a Comptroller General press release, translated and with commentary by Hydrocarbons Colombia
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