Oil prices have decreased considerably in recent months, generating concerns in the sector. The Organization of Petroleum Producing Countries (OPEC) agreed to reduce its production to counteract this situation, which could benefit the country.
The National Agency of Environmental Licenses (ANLA) spoke about the forum that took place in Mocoa (Putumayo), where authorities were able to discuss monitoring-network strategies in the area.
Marcela Amaya, Governor of Meta, showed her concern about the royalties’ distribution for the coming years. She contradicted some of the María Fernanda Suarez, Minister of Mines and Energy (MinMinas), comments about the budget for the region.
After a few debates in the Senate, the Ministry of Finance (MinHacienda) and the Ministry of Mines and Energy (MinMinas) confirmed how next year’s royalties’ budget will be allocated. These and other stories in our periodic Royalties summary.
Dear A: Thanks for the Don Julio Reposado the other night in your apartment. It was the perfect antidote to a damp and cold Bogotá night. I looked up the El Tiempo anti-fracking article that had disturbed you so much and it was full of so many half-truths and complete falsehoods, that I wrote this letter to clarify it for you.
Authorities announced that important projects will be developed in the departments of Caldas, Casanare and Norte de Santander, among others. However, corruption is still an issue in the department of Chocó. These and other stories in our periodic Royalties summary.
The Colombian government implemented a new General System of Royalties (SGR) in 2012, and one of the main goals was to improve the administration of these resources. However, some regions still have problems with these resources.