Xoaquin Flores - New Resistance

💢 Colombian Oil Companies Warn of Growing Capital and Talent Flight to Venezuela Colombian oil producers are concerned about the outflow of capital intended for the oil and natural gas sector, from local projects to recently accessible Venezuelan oil fields. This situation has intensified competition for equipment and technical personnel, raising it to levels not seen in years, according to industry players cited by Argus. With proven crude oil reserves approximately 150 times greater than those of Colombia, Venezuelan production has exceeded 1.2 million barrels per day in the months since January 3rd. Subscribe @NewResistance