Colombia’s beleaguered oil industry is facing a series of volatile headwinds as it struggles to return to a pre-pandemic tempo of operations. Petroleum output despite rising during March 2023 to 771,332 barrels per day remains well below 2019 pre-pandemic production of nearly 900,000 barrels daily. Meagre proven oil reserves of just over 2 billion barrels with a production life of eight years are also weighing on the crucially important hydrocarbon sector.
The Andean country’s first leftist President Gustavo Petro, a former socialist…The Death Of Fracking In Colombia
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