When most people think about Colombia, coffee usually comes to
mind more so than coal or oil.
However, yesterday, the U.S. Energy Information Administration
("EIA") put a spotlight on the country's energy
production when it published its Colombia Country Analysis
Brief. The full EIA brief on Colombia can be found here.
According to the EIA brief, Colombia is South
America's largest coal producer AND the region's
third-largest oil producer, after Venezuela and
In fact, "[i]n 2015, Colombia was
the world's fifth-largest coal exporter."
Since Colombia produces so much coal, does the country itself
run on coal?
No – according to the EIA brief, Colombia "relies on hydropower
for most of its electricity needs and uses very little coal
How much coal did Colombia export in 2015?
According to the EIA brief, 85% of the 94.3 million short tons
(MMST) of coal Colombia produced in 2015 was exported.
What about Colombia's oil?
Although the EIA brief states that "Colombia has fewer
proved oil reserves than Argentina and Ecuador," it also notes
that Colombia produces more oil than either country. The Rubiales
oilfield is reportedly the largest producing oil field in
The EIA brief putting the spotlight on
Colombia's energy production helps us realize more details
about the country's significant production.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Notwithstanding international and domestic adversities (ups and downs of prices for crude oil, peso-dollar parity, a not so-friendly neighbor president), the energy reform, perhaps the most daring of those undertaken by President Peña, offers yet a lot to reap from.
To achieve the goals, the Brazilian Government will carry out at least three energy auctions per year in the modalities A-3, A-5, Alternative Sources and Reserve Energy.
Some comments from our readers… “The articles are extremely timely and highly applicable” “I often find critical information not available elsewhere” “As in-house counsel, Mondaq’s service is of great value”
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).