Colombia

EITI Status Satisfactory progress
Joined EITI in 2014
Latest Data From 2016
Latest Validation 2018
Website EITI Colombia
Last updated 3 April 2019

Overview

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:

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:

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

News, blogs and more

Tax and legal framework

Colombian extractive industry is regulated by several norms including:

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

Historical information since 2012 about the extractive sector is available here.

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. Ecopetrol's legal framework is available here. EITI-Colombia describes Ecopetrol governance structure and the composition the Ecopetrol's shareholding constitution.

Ecopetrol's 2016 main operational results are available here.

Tax code

Colombia extractive sector is subjected to the country's tax regime applicable to all sectors.

The main norms establishing the fiscal regime at the national, regional and municipal levels are available here. EITI-Colombia lists the main taxes levied at the national and subnational levels.

Colombia introduced a tax reform in 2016.

Contracts and licenses

Hydrocarbons contracts are published here. EITI-Colombia explains the procedures for awarding oil and gas licenses, the contractual regime including the technical and financial criteria. It also links to geo-referenced licensing map and additional statistics about awarded licenses.

Mining cadastre is avalaible here. EITI-Colombia explains the procedures for awarding mining titles, the contractual regime including the technical and financial criteria. It also includes links to Traders registry, the Mining Management System and the Colombia Mining Information System. Additional statistics about total awarded mining titles are available here.

License registry

The Colombian government is committed to transparency in the mining sector and to generate informed dialogue between civil society, the private sector and local and national authorities through EITI.
Carlos Andrés Cante, Deputy Minister of Mining and EITI-Colombia Champion

Production

The 2016 EITI Report provides information on extractive industry production, including:

Hydrocarbons:

Mining:

  • Coal:    90684 tonnes
  • Nickel: 37091 tonnes
  • Gold:    62347 kgs

Additional production statistics for 2010-2016 are available here.

The Report also provides information on exports.

Ministry of Energy
Colombian Oil and gas Information system
World Coal Association

Natural resources

According to the 2017 BP Statistical Review and 2017 statistics by the USGS (Nickel), Colombia has reserves of:

CommodityReservesUnit
Oil2000million barrels
Gas4.4trillion cubic feet
Coal4881million tonnes
Nickel1100000million tonnes
National Statistics Department

Oil and Gas Production (Sm3 o.e.)

Initializing chart.

Mineral Production (in Tonnes)

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Further information

Mining authorities roadshow in Europe
International commitment to fight corruption
Transparency in mining
Foreign policy and post-conflict

Revenue collection

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%). 

EITI 2016 Report

Initializing chart.

Reconciled revenues by top 5 companies

Innovations

EITI-Colombia includes innovative approaches on several areas:

  • The 2016 EITI Report is, for the first time, totally available online. Colombia also uses an online platform to collect data directly from companies and government agencies.
  • It also includes a tool for searching geo-reference data for regions and municipalities on a number of issues including mining titles, licenses, production and royalties.
  • As ilustrated in the overview, Colombia's reports brought innovative information on social and environmental issues.
  • EITI Colombia offers an online training programme which explains in 5 modules the country's extractive industry and how citizens can participate in accountability processes.
  • Civil society is engaged in implementation not only through the multi-stakeholder group, but also through the Mesa de la Sociedad Civil para las Industrias Extractivas, a wider network dedicated to transparency in the sector.

Implementation

Colombia has published three EITI Report covering fiscal years 2013 to 2016 . The latest report was published on December 2017. The reports covers corporate tax, royalties, Ecopetrol’s dividends and other taxes.

EITI-Colombia is currently undergoing Validation. The International Secretariat visited the country for stakeholders consulation in early February 2018. The Board is currently preparing the assessment and a decision is expected in the coming months.

Governance

The Ministry of Mines and Energy hosts the EITI national secretariat. Deputy-Minister of Mining, Carlos Andrés Cante is the EITI Champion and Gloria Patricia Gamba performs as the National Coordinator. Within the Ministry, the sectorial planning unit (UPME) supports the MSG technical work. Below is the detailed composition of the National Tripartite Commission:

  • Government constituency
  • EITI Champion: Deputy Minister of Mines- Carlos Andrés Cante
  • National Tax Office (DIAN) -  Sandra Virguez - Elizabeth Salamanca
  • Planning National Department (DNP) - Amparo Garcia - Uver Chaux - Leonardo Rojas
  • Industry constituency
  • Ecopetrol - Mónica Tangarife - Monica Jiménez
  • Colombian Petroleum Association (ACP) - Alexandra Hernández - Andrea López
  • Colombian Mining Association (ACM) - Santiago Angel
  • Civil Society constituency
  • Crudo Transparente - Alvaro Jiménez - Yessica Prieto Ramos
  • Conciudadanía - Fernando Valencia
  • Alianza para la Minería Responsable - Elizabeth Echavarría - Marcin Piersiak

Timeline

 

Validation

Colombia's first Validation against the Standard commenced on 1 January 2018, and on June 2018 the Board decided it accomplished "satisfactory progress". The country was admitted as EITI candidate in 2014.

Colombia's progress by requirement

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EITI Reports and other key documents

Colombia 2017 EITI Report

Colombia 2017 EITI Report (IA Summary)

Published Date: 
April, 2019

This is the summary report by the Independent Administrator (EY) for Colombia 2017 EITI Report (Results of reconcilation of payments and revenues).

Full 2017 EITI Report is available here

Read more

Colombia Validation 2018

Published Date: 
June, 2018
Publisher: 
EITI

On 29 June 2018, Colombia was found to have made satisfactory progress in implementing the EITI Standard. See Board decision 2018-38/BM-40/BP-40-6-A

Timeline of Validation and related materials:

1 January 2018: Validation commenced29 January-2 February 2018: Country visit 

Initial data collection and stakeholder consultations

4 May 2018 - Report on Initial data collection and stakeholder consultation [English Spanish

Read more

Colombia 2016 EITI Report (IA Summary)

Published Date: 
December, 2017

This is the summary report by the Independent Administrator (EY) for Colombia 2016 EITI Report (Results of reconcilation of payments and revenues).

Full 2016 EITI Report is available here

Read more

2014-2015 Colombia EITI Report

Published Date: 
December, 2016
Publisher: 
Colombia EITI

This EITI Report covers Colombia's extractive sector in 2014-2015. It was published in January 2017.

Read more

2013 Colombia EITI Report

Published Date: 
December, 2015
Publisher: 
Colombia EITI

This EITI Report covers Colombia's extractive sector in 2013. It was published in December 2015. 

Read more
View all documents related to Colombia in our publications library

Contacts

National Coordinator

International Secretariat

Francisco Paris

Francisco Paris

francisco.eiti
LAC Director
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