Colombia Speeds Oil Permits Posing Threat To Production Targets
From Businessweek
Colombia, South America’s third- largest crude supplier, is speeding environmental permitting for oil companies as delays threaten to derail an output target of 1 million barrels a day this year, the nation’s regulator said.
Fields awaiting permits include Rubiales, the nation’s largest, said Orlando Cabrales, president of the state-run oil regulator called the National Hydrocarbons Agency, in an interview yesterday in Bogota. The field is owned by state-run Ecopetrol SA (ECOPETL) and Pacific Rubiales Energy Corp.
