ANH Distributes $67 Million from February Royalties

Colombia's hydrocarbons regulator ANH paid the country's hydrocarbons-producing departments a total of 160 billion pesos (US$67.3 million) corresponding to February royalty payments received from oil and gas producers, ANH reported in a statement.

This marks a 1.7% decrease from the 163 billion pesos in royalty revenues paid in February 2005 but a 10% increase corresponding to January of this year, according to previous BNamericas reports.

The departments that grossed the most royalties were Casanare with 41.3 billion pesos, Meta with 22.9 billion pesos, and Arauca with 15.4 billion pesos.

The royalty payments should go toward health, education, and basic sanitation projects in line with each department's development plan, ANH said.

ANH also suspended payment of 15.7 billion pesos to Huila department, the statement said, without providing a reason.

ANH has been aggressively promoting the potential of its untapped hydrocarbons resources over the past year in the hope of enticing foreign investors.