Colombia’s oil sector faces mixed fortunes
Tuesday, April 18, 2017
Colombia's oil outlook.
Colombia’s oil industry looks set for another difficult year, characterised by two major unknowns -- the price of oil and the outcomes from the country's peace processes. While the former is an issue affecting the sector globally, the latter presents unique challenges and opportunities that the Colombian oil industry will have to adapt to as security dynamics evolve.
- Next year's elections may bring in a government hostile to the peace accords, threatening security gains.
- Continued pipeline attacks risk environmental damage and contamination of water supplies.
- Threats from crime groups will see the government maintain high military spending long after rebel demobilisation.
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