The Ministry of Mines and Energy (MinEnergia) announced fuel prices for August 2019, highlighting the performance of this metric during this year. However, these remain high compared to figures of last year.
In his most recent Op-ed, Carlos Leal, President of the Colombian Association of Petroleum Engineers (Acipet), spoke about the National Hydrocarbons Commission’s (ANH) ‘B League’ and its effects on the industry.
Colombia still has not made a final decision on the implementation of unconventional techniques to develop oil projects. However, authorities, unions, experts and environmentalists continue to discuss this issue. The National Union Council (CGN) ruled on this issue.
ENTerritorio spoke about its internal changes and why they will be more efficient at handling royalties’ resources in the territories. These and other stories in our periodic Royalties summary.
The Colombian government has worked to boost the development of new oil projects in the country and the industry is responding positively. The sector has committed large investments for the coming years.
The oil sector has shown a slight recovery in the country, driven mainly by the growth in oil prices. However, shares of some companies such as Ecopetrol (NYSE: EC) have not had as positive a response.
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