The Colombian oil sector has started 2019 with good news in terms of alliances, new contracts and now production. The Colombian Petroleum Association (ACP) said that oil production in the country is growing, surpassing neighboring countries such as Venezuela.
The Commission of Experts published its final verdict on fracking, and the debate around this topic is starting to finally make sense. Here is why.
The Colombian government announced the royalties budget for the 2019-2020 period with a historic figure of CoP$24T. However, the “real” value could be larger, due to a recent adjustment by the Ministry of Finance (MinHacienda).
Bio D, a company that has been working in the production of palm biodiesel for the past 11 years, spoke about its plan to mitigate pollution problems in the country.
Astrid Álvarez, President of the Bogotá Energy Group (GEB), spoke about the potential for gas in the country, its environmental benefits and the need to increase natural gas production.
The government announced modifications to the General System of Royalties (SGR), aimed at making oil revenues more efficient, both in producing and in non-producing regions.
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