Recently, we published an article about the mining industry in Cundinamarca. The departmental Controller was concerned that environmental licenses were not be properly monitored. A reader reacted to the article with an interesting recommendation and that got me thinking about the challenges of implementing it.
Mauricio Cárdenas, Minister of Finance, announced the last Medium Term Fiscal Framework of the current government, with good prospects. The State revenues from the oil sector could increase considerably in the coming years.
The Ministers of Mines and Energy and of Finance have generated a lot of publicity about the CERT – a cash flow incentive for certain exploration and production investments. They have been less vocal about a MinHacienda initiative that claws back part of the incentive.
The Chamber of Commerce of Barrancabermeja (CCB) published a report on the oil cluster in the city. The chamber highlighted the cluster’s benefits and its ability to offer services.
The Ministry of Mines and Energy (MinMinas) spoke about the accident that could leave the municipalities of Cundinamarca, Bogotá and Boyacá without natural gas supply.
The National Hydrocarbons Agency (ANH) plans to offer new oil blocks to boost the oil exploration and production in the country. The agency has been working on this program for several years. The government’s hopes are in some basins and the next Minister of Energy and Mines (MinMinas) will play a key role in this process.
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