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Colombia pushes fracking amid oil and gas production declines
Colombia’s administration is reviving a dispute over whether hydraulic fracturing should play a larger role in energy security as output falls.
According to OilPrice, Colombia’s oil and gas industry is facing sustained declines, with petroleum production falling even as authorities try to boost output and improve efficiency.
OilPrice reports that the country’s new President, Abelardo de la Espriella, is putting energy security back on the agenda and is firmly advancing hydraulic fracturing, commonly referred to as fracking.
The outlet says the move has reignited a contentious debate over plans from the new administration tied to using fracking to address the production decline.