Summary

Colombia’s economically vital petroleum industry is in a death spiral. Oil and natural gas production is falling despite efforts to boost output and grow efficiencies. New President Abelardo de la Espriella, a former criminal defense attorney, has put energy security and hydraulic fracturing, better known as fracking, firmly back on the agenda. A fierce battle reemerged over plans by the new administration to introduce fracking as a means of arresting Colombia’s declining hydrocarbon output.

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