PUBLICATION
Oil and Gas Investor
Colombia Oil & Gas 2009 OGI Release
May 04, 2009
Since coming to power on a foreign-investment-friendly ticket, the Colombian government has attracted significant foreign interest due to its friendly fiscal climate, investor confidence and improved security. The oil and gas sector has been the major beneficiary. In comparison with its close neighbors, which seem determined to make foreign investment as difficult as possible, Colombia is an oil and gas investor’s heaven. Companies with operations based out of Venezuela and Ecuador are refocusing their budgets and corporate strategy on Colombia.
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MACIG
"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."
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