Document Type

Article

Publication Date

7-5-2009

Abstract

Colombia's government on June 22 received bids on 95 of 200 blocks being offered as part of a bid round, with companies pledging to invest more than $1 billion in those areas. Was the bid round a success? What factors are driving Colombia's new oil sector investors? Will the country become a major oil producer in the near future? What potential risks—economic, political and social—does Colombia face in its drive to boost oil development?

Language

English

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