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No matter how early you get up, you get up early.

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No matter how early you get up, you get up early.

According to the International Energy Agency Report, which ends in December 2023, it’s estimated that Colombian oil manufacturing will lower barely in 2024 in comparison with the earlier yr, standing at about 770,000 barrels and in step with its projections for 2025. Production can be 710,000 barrels. /day, in 2026 680,000, in 2027 650,000 and in 2028 620,000. a lower of 20.5% in comparison with 2023. Obviously, the one option to reverse this development is so as to add barrels to storage areas.

Now, at a time when the variety of energetic drills within the nation (110), which is the bottom quantity since 2021, has decreased, in keeping with the Chamber of Petroleum Services (CAMPETROL), by 26.2%, migrating to different nations akin to Guyana or Brazil, attracted by the burning oil exercise in these nations, it tries with the technique of ECOPETROL which involves cowl the “inefficiency” of the profitable firms, to be able to battle the decline in manufacturing.

In my opinion, this will likely cease the decline in manufacturing however not its important improve, so so long as new contracts for exploration and manufacturing haven’t been signed, as all different nations with resorts might or might discover themselves doing, Colombia, given its harmful reserves. , sufficient for less than 7 years, will proceed to worry by the concern of hydrocarbon purchases, even whether it is true that, because the minister mentioned, “there are not any extra contracts that assure extra reserves, or they themselves don’t put much less.”

Needless to say, the oil that Colombia doesn’t produce and export won’t cease being consumed by the remainder of the nation that different nations will produce and export as a substitute. In reality, final yr, in keeping with the International Energy Agency (IEA), world crude oil consumption reached a brand new report of 101 million barrels/day and in keeping with its newest report “it’s predicted that the expansion in world oil demand “It will common 1.2 million barrels per day.” Furthermore, opposite to IEA forecasts, the inverting and declining demand curve for crude oil extends past 2030.

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So the great intentions of the federal government to contribute to the discount of GHG gasoline to be able to battle local weather change are hindered by the contribution of different nations. We find yourself with sin and no mercy. Colombia, then, works tougher than the proprietor of the pot and loves the pope greater than the pope, runs for it flip away on gasoline through the latest COP 27, which was held in November final yr, was resolved. go away theirs, however not flip away earlier than time, which is what the present Government is dedicated to, whatever the prices it incurs. The saying goes that irrespective of how early you get up, you’ll by no means get up early!

Guadalajara, June 1, 2024


Amylkar D. Acosta M

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