After 9 straight months of hitting its oil production goal
of 1 million barrels of oil per day, Colombian oil production in July fell
by 6% to an average of just 945,000 bpd. Compared
with the production average from the same month last year, oil production in
July fell by just 2.67%.
Colombian Minister of Energy and Mines Tomás González blamed
recent attacks by leftist guerrillas on Colombia’s oil infrastructure for the
fall in production. Even Colombian President Juan Manuel Santos admitted a few
days ago that it would be difficult for Colombia to keep hitting its oil
production target.
Nonetheless, Minister González stressed that Colombia’s goal
remains
unchanged. He said in a press release that, “Colombia needs to maintain crude
production at 1 million barrels. This is the only way to guarantee the
resources that are needed to finance social projects that stimulate social
development. Remember that reaching the monthly production goal of one million
barrels means $1 billion for the national economy and social investment.”
In Colombian mining-related news, El Tiempo published
several articles
in recent days on the problem of illegal mining in Colombia. Investigators with
the Peruvian Society for Environmental Law released a study
contrasting the Colombian experience of illegal mining with that of its
Amazonian neighbors, Ecuador, Peru, and Brazil. Whereas the rest of the countries
export their gold primarily to the United States and Switzerland, Colombia gold
exports go mainly to the Falkland Islands and Italy.
No comments:
Post a Comment