As part of a new strategy to increase consumption of Liquefied Petroleum Gas (LPG) the Ministry of Mines and Energy (MinMinas) has announced a subsidy pilot program in low income communities.
Following a high level cabinet meeting with Ecopetrol lawyers, the government says that the recent Constitutional Court ruling only affects how it finances the Price Stabilization Fund, not the ability of the executive branch to fix fuel prices at the pump.
Casanare’s local paper published a succinct editorial offering a word of caution for residents and a warning for politicians: The boon days of oil royalties are gone so you had better be careful how the money is spent.
The recently appointed director of the National Planning Department (DNP) Tatyana Orozco defended the General Royalty System against recent criticism, saying that they are responsible for “works materializing in all of the regions”.
Promoting dialogue, attending to the community’s concerns and helping to resolve problems which affect residents is part of Ecopetrol’s (NYSE:EC) mission says its VP of HSE and sustainable operations, Óscar Villadiego. If only it was that easy.
The major development related to the General Royalty System (SGR) in September was the arrival of a new director of its overseeing entity, the National Planning Department. Tatyana Orozco took the post September 11, 2013 to a backdrop of questions and criticism of royalty delays.
2025, Hydrocarbons Colombia, All Rights Reserved.
