UN Periódico - Universidad Nacional de Colombia
Mining industry
Oil: a Bonanza without Crude

By: Isis Beleño, Unimedios

Record production and good international prices are the ingredients of the so-called oil boom that has accounted for 40% of Colombia's exports. However, large discoveries of crude have yet to be confirmed and the estimated 2,058,000 barrels of reserves are being exhausted.

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