Colombia’s petroleum industry, after decades of rapid growth which saw it become a key driver of the Andean country’s economic miracle, is facing serious headwinds since former guerilla Gustavo Petro became the unitary republic’s first leftwing president. He has made no secret of his commitment to ending Colombia’s reliance on crude oil by ceasing to award new hydrocarbon exploration contracts. This is occurring at a difficult time for the economically crucial industry which is still struggling to recover…
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