Colombia's oil output is expected to fall by more than a fifth by 2018 as companies cut back spending on exploration and production after the recent plunge in crude prices, the ACP association of oil producers said on Tuesday.
Colombia’s economic risk has risen to levels not seen since 2011, according to local media.
Colombian foreign reserves grew by $3.69 billion in 2014, up to a total of $47.32 billion as of December 31, said the country’s central bank on Wednesday.
Miguel is a pimpinero, a curbside vendor of contraband Venezuelan gasoline that he sells at two-thirds of the going price at Colombian gas stations.
Colombia is keen to increase bilateral trade and investment with Malaysia and is inviting Malaysian companies to invest in its oil palm and oil and gas industries.
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