Colombia Oil And Gas News
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Introduction
- Colombia has seen a dramatic increase in oil production in recent years following a period of steady decline. The Colombian government has enacted a series of regulatory reforms to make the sector more attractive to foreign investors.
- In addition, it has implemented a partial privatization of state oil company Ecopetrol in an attempt to revive its upstream oil industry. The security situation in the country also has improved over the last decade, with fewer attacks against oil and natural gas infrastructure in recent years.
- Expanded oil production will require further investment in transport infrastructure and refining capacity.
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page revision: 4, last edited: 27 Apr 2012 13:48