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Colombia Oil Output to Hit 0.8m b/d in 2024

OIL

Colombia’s Oil and Gas Association (ACP) expects the country’s oil output to hit 0.8m b/d in 2024.

  • The South American nation produced an average of 0.777m b/d in 2023, according to Bloomberg.
  • Bloomberg reported that there are several mechanisms that could boost oil output to 0.8m b/d, including oil recovery and changes to requirements regarding suspensions.

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