The Constitutional Court ruled against the government’s request to reconsider its decision to declare royalties tax deductible in the mining and energy sector in Colombia.
The easing of the U.S. oil embargo on Venezuela opens doors for the beleaguered country’s oil industry to revive old channels for crude sales and rekindle partnerships with foreign companies. However, experts caution that this process will take time.
The Colombian Association of Petroleum Engineers (Acipet) announced the appointment of a new Executive Director.
Colombian industry, including the oil sector, use the Magdalena River to haul goods to the Caribbean Sea. Unfortunately, the river constantly silts up. The director of Cormagdalena, Álvaro Redondo, talked about the Barranquilla port dredging contract.
Reconsideration of a proposal from the Ministry of Finance (MinHacienda) of royalties deductibility is back on the table, courtesy of the Constitutional Court’s Plenary.
Diego Pereira, J.P. Morgan Chase’s Chief Economist for the Southern Cone and Peru, provided a perspective on critical issues facing Colombia.
The Colombian government has formally requested the Constitutional Court to mitigate the consequences of a previous ruling that overturned the prohibition on deducting royalties from the income tax of extractive companies.
The National Environmental Licensing Agency (ANLA) initiated three environmental penalty proceedings against Perenco Colombia Limited for environmental mismanagement in Casanare.
President Gustavo Petro, amidst his participation in the World Economic Forum in Davos, Switzerland, reiterated his steadfast proposal to break free from the shackles of gas and oil exploration as the foundation of economies.
In a statement during the World Economic Forum in Davos, Switzerland, President Gustavo Petro reiterated the government’s decision to not issue new oil, gas, and coal exploration contracts.
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