Colombia is not an oil country, but the resources generated by the sector are vital for the nation’s economy and public finances. The Government had to tighten the belt in recent years, due to low oil prices, but their recovery is generating relief for Colombian authorities.
The Collegiate Bodies for Administration and Decision (OCAD) spoke about projects that were approved in departments like Casanare and Bolívar, but authorities are still concerned about irregularities in the execution of royalty projects throughout the country. These and other stories in our periodic Royalties summary.
Concerns about air quality have grown in recent months in Colombia. The country is looking for alternatives to reduce pollution and Natural Gas Vehicle (NGV) is positioned as one of the best options. The Colombian Natural Gas Association (Naturgas) produced a report on the gas industry in Colombia.
The Colombian Mining Association (ACM) spoke about the sector’s main challenges in Colombia, and asked for a reform to the General Royalty System (SGR).
Representatives of the sector discussed the opportunities in natural gas, unconventional resources, offshore projects and Enhanced Oil Recovery (EOR) at a forum organized by the business paper La Republica.
Although the ELN denied responsibility for attacking an energy tower in Nariño, authorities are worried about the increase of attacks to the industry’s infrastructure in that department. The development of these and other stories in our periodic Security summary.
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