Colombian oil revival hopes face electoral test
An upcoming election and auction round will help determine the country's oil fortunes
The outcome of Colombia's election next week is being watched closely as the country attempts to reverse its sliding oil fortunes, which have suffered since the downturn started in late 2014. Colombians will head to the polls to choose a successor to Juan Manuel Santos on 27 May for the first-round vote, with a run-off likely on 17 June. The most critical issues that the industry will want the next president to address include fiscal terms, clashes with local communities over drilling projects, and ongoing attacks from the ELN rebel group on energy infrastructure. The price rout was brutal on Colombia, which saw investment and production wither. Oil output hit a highwater mark of 1.03m barre
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