Colombian oil revival hopes face electoral test
An upcoming election and auction round will help determine the country's oil fortunes
The outcome of Colombia's election next week is being watched closely as the country attempts to reverse its sliding oil fortunes, which have suffered since the downturn started in late 2014. Colombians will head to the polls to choose a successor to Juan Manuel Santos on 27 May for the first-round vote, with a run-off likely on 17 June. The most critical issues that the industry will want the next president to address include fiscal terms, clashes with local communities over drilling projects, and ongoing attacks from the ELN rebel group on energy infrastructure. The price rout was brutal on Colombia, which saw investment and production wither. Oil output hit a highwater mark of 1.03m barre
Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
