Colombia’s beaten-down oil industry is struggling to recover from the 2020 COVID-19 pandemic, with the tempo of operations and production lower than in 2019. The 2022 electoral victory of former guerilla and senator Gustavo Petro which saw him become Colombia’s first leftwing President, cast a cloud of uncertainty over the hydrocarbon sector’s future. Petro, as part of transitioning Colombia to cleaner renewable forms of energy, plans to end contracting for hydrocarbon exploration in the Andean country and ban…
