Colombia: Colombia Studies Need for New Oil and Gas Exploration as Reserves Dwindle, Minister Says

May 25, 2023 | Oscar Medina and Eric Martin, Bloomberg
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Colombia is studying the need for more exploration contracts after a report showed oil and gas reserves dropping, according to a senior minister. The government wants to lead a transition away from fossil fuels while limiting any negative impact on the economy, Trade Minister German Umaña said Thursday in a phone interview.