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Colombia's petroleum industry group projects investment in oil and gas exploration and production (E&P) for 2021 between $3.1 and $3.45 billion USD, 51% higher than that of 2020.

The collapse in oil prices has led ACP, Colombia's petroleum industry association to call on the country's government to allow flexibility in the regulated pipeline transportation costs, that now make up almost half the cost of a barrel of oil, says the trade group.

Today the Colombian Petroleum Association, (ACP for its initials in Spanish) presented their report on investment trends in exploration & production (E&P) for 2019 and their outlook for 2020, consolidating information from the 26 most important petroleum companies in...