Finance Minister Ricardo Bonilla is not worried about the latest report from the National Hydrocarbons Agency (ANH) and said that the government will receive a new study from this entity to determine what decisions to take in six months.
Following the latest report by the National Hydrocarbons Agency (ANH) on the state of oil and gas reserves in Colombia, former Finance Minister José Antonio Ocampo has called for a review of plans for new explorations.
The Colombian government has decided to remove Clara Guatame from her position as the President of the National Hydrocarbons Agency (ANH).
The National Hydrocarbons Agency (ANH) announced new guidelines regarding the liquidation of contracts and agreements related to E&P of non-renewable natural resources.
The country has witnessed an average of three blockades or protests per day this year, signaling dissatisfaction with the government.
Experts in the sector are calling for increased exploration, positive investment signals, and the awarding of new contracts for hydrocarbon exploration and production following the release of the reserves report.
The Petro government’s decision to not award new E&P contracts for hydrocarbons has sparked a legal challenge in the form of a fiscal responsibility complaint.
Clara Liliana Guatame, President of the ANH, talked about key issues such as reserves, and suspended contracts.
Katherine Miranda, a representative in the Chamber for the Green Party, raised concerns about the urgent need for the Gustavo Petro government to make a payment on the of the Fuel Price Stabilization Fund (FEPC) deficit.
The MinEnergia press release on 2022 year-end reserves was a triumph of belief over science, a testimony of the power of politicians to warp their interpretation of reality to conform to what they have already decided to do.
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