Colombian Oil and Coal Production to Fall Over the Next Decade, Says Government

Oil production will fall to 654,000 barrels per day (bpd) in 2030, from current levels of 787,000 bpd, finance vice-minister Juan Alberto Londono said in a presentation to congressional economic committees about royalties.

RIO DE JANEIRO, BRAZIL - Colombia’s output of top exports oil and coal will fall by 16.9 percent and 28.4 percent respectively over the next 10 years, government predictions showed on Tuesday, but the impact will be mitigated by better prices for both fuels.

Oil production will Subscribe to our Premium Membership Plan. Already Subscribed?