Authorities announced that important projects will be developed in the departments of Caldas, Casanare and Norte de Santander, among others. However, corruption is still an issue in the department of Chocó. These and other stories in our periodic Royalties summary.
The Colombian government implemented a new General System of Royalties (SGR) in 2012, and one of the main goals was to improve the administration of these resources. However, some regions still have problems with these resources.
The Vice Minister of Mines and Energy (MinMinas), Carolina Rojas, took the stage of the VIII Canada – Colombia Forum to talk about royalties, communities and the mining industry. We attended so our Bottom-Line goes beyond the MinMinas press releases.
Humberto Calderon Berti, consultant and former president of PDVSA, spoke about Colombia oil potential. He gave some recommendations to improve the competitiveness of the Colombian sector.
Fuel smuggling in the border with Venezuela has caused important losses for the Colombian economy. This is how authorities are planning to fix it. The development of these and other stories in our periodic Security summary.
The Ministry of Mines and Energy (MinMinas) spoke about the energy transition process’ benefits in Colombia. María Fernanda Suarez, MinMinas, highlighted the role of natural gas in this process.
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