oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
oil extraction in arauca: colombia the united states
  • How many barrels of oil a day in Colombia?
  • In 1983, tests on wells dug by Ecopetrol and Occidental Petroleum, known as OXY, at Caño Limón in Cravo Norte, Arauca, indicated that oil reserves in that location amounted to 500 million barrels. By 1994, the flow was more than a million barrels a day, and the boom in Colombia’s oil frontier was underway.
  • Could Colombia be the first oil producing country to stop drilling?
  • President Gustavo Petro of Colombia has argued that fossil fuels have not lifted enough people out of poverty to justify their impact on climate. Colombia would be the first major oil producing country in the world to stop drilling if Mr. Petro successfully decoupled the national budget from oil money.
  • How does Colombia export oil?
  • Through pipelines, the thick crude travels over the Andes and to the Caribbean coast, and then onto tankers, mostly to the United States. Much like another famous export of Colombia’s, it has an addictive quality. In the span of a generation, the nation’s economy became dependent on oil revenue.
  • Why did Colombia increase oil production?
  • The company—and the Colombian government—are purportedly responding in part to pressure from the Biden government, which asked Colombian officials to increase oil production for import to the United States by 40,000 barrels per day, in response to dwindling supplies due to the war in Ukraine.