The modern world cannot survive and thrive without a productive petroleum industry
Income derived from hydrocarbon exploration and production in Colombia is key to the country's financial stability and its trade balance, its fiscal rule committee said on Monday, and suspension of exploration would put fiscal sustainability at risk.
The government of new leftist President Gustavo Petro, who promised on the campaign trail to halt all new oil exploration, is weighing whether it will allow the signing of fresh contracts to shore up the country's finances.
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