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Colombia courts upstream investment to sustain oil output

The country aims to reach 1 million barrels a day this year, but needs investment to make that happen

Colombia is seeking investment in its oil industry in an effort to sustain output past the 1 million barrels a day (b/d) milestone it expects to reach this year. Michel Janna, director of public credit at Colombia’s finance ministry, told an investment forum in London that the country was targeting oil output of 1m b/d “in the coming months”. At the beginning of September the country’s Mines and Energy Ministry said Colombian oil production reached 999,000 b/d in August. This is a 3.2% rise month-on-month.  However, energy industry executives told the Colombia Inside Out forum that current output levels were not sustainable without new investment in oil exploration. “If we continue at curre

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