Oil and Gas Investment in Colombia Sees Uptick Despite Hurdles

In recent years, Colombia’s oil production and reserves have been in decline and interest in investing in the country’s crude seemed limited in the post-pandemic landscape. In addition, President Petro has been vocal about supporting a green transition and restricting investment in new fossil fuel projects.

However, in recent months, there has been a renewed interest in developing exploration and production.  Colombia has long relied on its fossil fuel revenues to support the national economy, with oil and gas contributing around…