In 2016, according to the EITI Report, Colombia received USD 3.1 billion in revenues from the extractive industry. The report shows that fiscal contibution from the industry has declined from USD 11.1 billion in 2013 and USD 9.3 billion in 2014 to USD 4.6 billion in 2015. The report also shows that the sector attracted foreign direct investment for USD 3.5 billion mostly on oil and gas. This also in contrast with previous years when the extractive sector attracted USD 7.8 billion representing more than half of total foreign investment in the peak year of 2012.

Extractive sector represented 6.4% of GDP. In 2013, this contribution was 7.7%. The sector contributed with 5% of national fiscal income in 2016, a sharp decline from 2013 when the sector represented 19% of national income.

Dividends from the state-owned company Ecopetrol fell from USD 4.3 billion in 2013 to USD 226 million in 2016.

From 2016, EITI-Colombia has included social payments (mandated and voluntary) for the extractive sector.

Read more here:

• Hydrocarbon
• Mining

The 2016 Report brought innovative coverage on environmental information. The enviromental licensing regime is explained here. The country also disclosed detailed information on environmental payments:

• Assessmets
• Monitoring
• Fines

        It also included an explanation of the mandatory 1% compensation paid to the regulatory agency ANLA.

Colombian extractive industry is regulated by several norms including:

•  The Constitution of the Republic of 1991, 
•  The Hydrocarbons Code,
•  The Mining Code, 
•  Other regulations, including the National Mining Policy and Ministry of Mines's norms.

Colombia's extractive sector is overseen by two agencies: the National Hydrocarbon Agency (ANH) and the Mining National Agency (ANM)

Learn more about legal framework in Colombia here.

Colombia has a state-owned enterprise Ecopetrol. The company is owned 88.49% by the state and the rest of capital is listed in Bogota, New York and Toronto stock exchanges. EITI-Colombia describes Ecopetrol governance structure and the composition the Ecopetrol's shareholding constitution.

Ecopetrol's 2016 main operational results are available here.

The 2018 EITI Report provides information on extractive industry production, including:

Hydrocarbons:

• Oil and gas

Mining:

• Coal:    85625 tonnes
• Nickel: 94889 pounds
• Gold:    35560 kgs

Additional production statistics for 2014-2018 are also available. 

In 2016 Colombia received US$ 3,9 million from the extractive sector. These revenues came mainly from royalties (50.5%) and corporate income tax (20%).