In February, Mexican tycoon Carlos Slim said he was actively looking to boost investment in Colombia due to its burgeoning oil industry. Meanwhile, the United States Export-Import Bank approved nearly $1 billion in financing for Colombia's state-run energy company Ecopetrol, identifying the country as one of nine emerging economies that offer the United States a greater opportunity for export sales. Are expectations about Colombia's oil and gas industry justified or overly optimistic? What opportunities does the country offer that make it a desirable place to invest in the energy industry? How can the government boost investment to that sector? How does it compare to other oil-rich Latin American countries such as Brazil? Experts discuss what they think about this topic.
Copyright © 2011, Inter-American Dialogue, used with permission from the publishers
Inter-American Dialogue's Latin American Energy Advisor. "Are Expectations for Colombia's Oil Sector Too Optimistic?." (2011). http://digitalrepository.unm.edu/la_energy_dialog/117