Colombia’s oil production rose 0.9% in October compared to the same month last year, bringing the country ever so closer to 1 million barrels a day.
The total currently stands at around 952,360 barrels of crude oil a day, the country’s Mining Ministry said in a press release Tuesday. The news came after it was reported that extraction rose 0.48% in September.
Marketing of natural gas has also rose 2.58% in October compared to the 1,120 million cubic feet per day (MCFD) in the same month of 2011.
The rise in extraction was supported by the stabilization of restrictions concerning extraction.