Investment Potential and Commercial Feasibility of Oil and Gas in Colombia
Since 2021,the price of international crude oil has fluctuated between 50 and 90 US dollars,and the overall price shows a steady upward trend.The government of Colombia actively pursues new economic policies,improving relevant laws and regulations in oil and gas sector,contin-uously increasing investment and taxation incentives for oil and gas industry.At the same time,the government of Colombia is committed to promoting domestic peace process,negotiating peace with domestic armed forces.The domestic security environment has been improved,and the oil and gas investment environment has emerged with new features,providing new opportunities for China and Colombia to cooperate in the oil and gas field.However,there are still uncertainties in Colombia's political,economic,social and security risks,which will challenge the in-depth cooperation and new business of China and Colombia.Facing new opportunities and challenges,Chinese oil companies should conduct follow-up researches in a long-term manner,actively explore new modes and methods of cooperation and diversify oil and gas cooperation projects between China and Colombia.
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