Last year was extremely painful for Colombia’s economically crucial oil industry with Investment plunging to $2.05 billion, its lowest level since 2016, while petroleum production reached lows not seen for over a decade. That coupled with the fallout from the pandemic sharply impacted Colombia’s economy causing its gross domestic product to shrink nearly 7%, the worst performance of modern times.
Despite the national government’s focus on reactivating the oil industry which is an essential element for returning the economy to…Can Colombia Capitalize On Climbing Crude Prices?
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