Improved Policy Measures Driving Oil And Gas Industry Growth in Colombia
Summary
Colombia’s oil and gas industry is witnessing a significant boom with crude oil output in 2009 reaching 0.67 million barrels per day (b/d), the highest since 2000. The endeavors of the Colombia Government to open the upstream sector to foreign players and attract investments through favorable fiscal terms and increased level of security in the country have succeeded in reversing the country crude oil output trend. The continued measures of the domestic government… Read the rest
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