Colombia’s National Planning Department (DNP) reported that approximately CoP$6.6T in royalties were allocated to Science, Technology, and Innovation (STI) projects between 2012 and 2022, but projects funded with these resources are of little strategic value and cost a significant amount of money.
The Colombian Senate approved in the second debate the project to ban fracking in Colombia, as well as the exploration and production of hydrocarbons in unconventional deposits.
The Colombian President Gustavo Petro began his diplomatic agenda by inaugurating the Permanent Forum on Indigenous Issues in New York City.
Colombia approved CoP$20.7T for over 5,700 projects across the country, funded by royalties, to be executed between 2021 and 2022, but development is slow.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during February 2023.
The government has announced the creation of a comprehensive dialogue to address the social situation in Arauca.
Colombia’s central bank has conducted a study on the impact of foreign direct investment (FDI) in sectors other than mining and energy on exports.
President Gustavo Petro has expressed his dissatisfaction with the recent election of Ecopetrol’s (NYSE: EC) board of directors.
The Ministry of Mines and Energy (MinEnergia) is working to change the methodology to determine transportation tariffs for oil pipelines.
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