Colombia Targets 1 Million Barrels of Oil a Day Again
Colombia wants to recover a figure that for years was one of the main indicators of the strength of its oil industry: producing one million barrels of crude oil a day, something that has not happened in more than a decade. The Minister of Mines and Energy, Maria Nohemi Arboleda Arango, told local business outlet […]
Colombia is striving to once again achieve a production rate of 1 million barrels of oil per day, a target it hasn't met since 2015. This goal aims to reestablish the nation's energy sovereignty. Maria Nohemi Arboleda Arango, the Minister of Mines and Energy, has shared that the government is dedicated to this objective, even though current production is already above 730,000 barrels per day.
This significant change in policy aims to strengthen energy security and draw in fresh investment. The increase represents a substantial rise, adding nearly 270,000 barrels daily. The Ministry of Mines and Energy has proposed an agenda to revive oil and gas exploration and production.
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- Colombia Targets 1 Million Barrels of Oil a Day Again colombiaone.com
