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Colombia in crisis talks over battered oil sector

Monday, February 2, 2015

Representatives from Colombia’s energy ministry and hydrocarbons agency met to come up with an action plan to assist the battered oil sector, as the share price of the country’s largest independent oil company plunged.

“We are committed to facilitating exploration and exploitation in Colombia, so we have to look for a way to make it viable,” said Javier Betancourt, departing director of Colombia’s National Hydrocarbons Agency, which manages Colombia’s oil and gas resources.

Source: Wall Street Journal