Press "Enter" to skip to content

Cocaine, Guns And Gushers: Colombia’s Oil Industry Struggles To Reactivate

by Matthew Smith

  • Rising security risk and rural violence, which is mostly fueled by the vast profits generated by the cocaine trade, is a key deterrent to attracting onshore oil investment in Colombia.
  • According to the UN, Colombia’s cocaine production during 2020 increased by 8% compared to a year earlier, despite a 7% decrease in the volume of land used for coca cropping.
  • Despite the risks associated with operating in onshore Colombia, the Andean country’s 2021 bid round found some success

Despite the groundbreaking 2016 peace deal between the Colombian government and the largest guerilla group the Revolutionary Armed Forces of Colombia (FARC – Spanish initials) there are fears that conflict is escalating once again. Colombia…

Read More Here

Daily Headlines

Breaking News: