Colombia surpasses one million barrels oil target

Colombia said it produced an average of 1.01 million barrels of oil per day in January, marking the first time that average crude output for a month surpassed the one million-barrel mark that the government had set as a target for the country's oil industry.

Last month's figure was more than 7 percent higher than the 944,000 barrels a day produced in January 2012, the Mines and Energy Ministry said.

For all of 2012, average oil output stood at 940,000 barrels of oil per day, which represents a 3.16 percent increase from 2011.


Source: Dow Jones