The Future Of Colombia’s National Oil Company Ecopetrol Is At Risk ...Middle East

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The Future Of Colombia’s National Oil Company Ecopetrol Is At Risk
source : OILPRICE ( Middle East ) () 43
Despite a long history of being Latin America’s best-managed national oil company Colombia’s Ecopetrol is swamped by uncertainty. For over a decade, the integrated energy major has been battling to significantly expand its scant proven oil reserves. Now Ecopetrol is facing many grave headwinds which could derail efforts to boost those meager reserves and softer petroleum production. Among the most serious is the plan of Colombia’s first leftist President Gustavo Petro to ban hydrocarbon exploration. His electoral victory…

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