Colombia’s Director of Public Credit, José Roberto Acosta, and the Director of the National Planning Department (DPN), Jorge Iván González, discussed the importance of oil and gas to the country’s public finances.
Almost exactly five years ago, I wrote a “What We Think” entitled “Still I look to find a reason to believe” about searching for optimistic signs in a complex situation as Colombia went into an election year (2018). This morning the Tim Harden song that inspired the title came up at random on Spotify and, listening to the words, I thought about ‘recycling’ the lyrics as a structure for current events.
The oil and gas sector has announced its investment plans for this year, focusing mainly on natural gas.
Some aspects of the recent tax reform have generated strong pushback and, in some cases, have been considered unconstitutional.
The National Administrative Department of Statistics (DANE) reported the value of Colombian exports during December 2022.
Minister of the Environment (MinAmbiente) Susana Muhamad spoke about key issues such as prior consultation, environmental licensing, and fracking.
The head of the Central Bank of Colombia (BanRep), Leonardo Villar, spoke about the exchange rate, inflation, and oil exploration.
The National Hydrocarbons Agency (ANH) announced its new Vice President of Hydrocarbon Contracts.
The government has released the draft National Development Plan (PND) for discussion. However, hydrocarbons do not seem to be an important part of the government’s plans for the coming years.
Colombia wants to reduce its dependence on hydrocarbons, and Denmark could be a good example to follow.
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