Colombia Oil Investment to Rise 23% in 2020

Investment in Colombia’s oil industry is set to grow by 23% in 2020, the private oil producers association said on Monday, although production will be effectively flat, increasing just 0.5% compared with the previous year.

Investment in the Andean country’s oil and gas industry this year will jump to $4.97 billion, up from $4.03 billion in 2019, the Colombian Petroleum Association (ACP) said in a report.

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