Colombia might take up more debt to combat oil losses
Colombia might increase foreign debt to combat decreased revenue from crude oil which has seen plummeting prices over the past months, said the country’s finance minister.
Colombia might increase foreign debt to combat decreased revenue from crude oil which has seen plummeting prices over the past months, said the country’s finance minister.
Colombia lowered its GDP growth goal for 2015 due to recent declines in oil prices and anticipated lack of foreign investment.
Colombia’s 2015 government budget was made assuming oil prices would not fall below $98 per barrel. However, with the oil price sitting at around $66 per barrel, the government is left with a huge…
Ecopetrol and Talisman Energy have announced the discovery of hydrocarbons at an exploration well in eastern Colombia.
Colombia’s GDP growth rate is expected to be 4.9% by the end of 2014, exceeding the world average as it has done every year this century except 2010, according to…
Colombia’s economy depends heavily on mining, hydrocarbons, and ranching, producing little employment and benefiting few, the United Nations Industrial Development Organization reportedly said.
Colombia’s finance minister on Thursday announced that the country is likely to not make its 2014 target of producing a million barrels of crude oil per day, putting even more…
Compared to the first six months of 2013, the value of Colombian oil exports to China rose 61% and 262% to Mexico amid a global slowdown in crude prices and…
Local authorities in southern Colombia on Thursday requested a suspension of pumping oil after another rebel attack on a pipeline.