Amidst the growing uncertainty in Colombia’s hydrocarbon sector due to recently reported low oil and gas reserves, new controversial measures are being considered to boost exploration and production.
Darío Restrepo, Director of the Misión de Descentralización at National Planning Department (DNP), discussed the role of the General Royalties System (SGR) in funding Colombia’s peace agreement.
NG Energy International Corp. (TSXV: GASX) announced its annual audited consolidated financial statements, for the fiscal year ended March 31, 2024.
Frank Pearl, president of the Colombian Petroleum and Gas Association (ACP), shared his insights on the country’s energy transition, emphasizing the need for a tailored approach that addresses Colombia’s unique challenges and opportunities.
The Colombian Natural Gas Association, Naturgas, raised concerns about the potential for an energy shortage in the country due to a continued decline in proven natural gas reserves.
Ricardo Bonilla, Colombia’s Finance Minister (MinHacienda), discussed the implications of a recent Constitutional Court ruling regarding the deductibility of royalties, which is expected to result in substantial tax refunds to oil, gas and coal companies.
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