Colombia plans to produce 780-800 kb/d in 2021
Colombia expects its crude oil production to remain between 780,000 bbl/d and 800,000 bbl/d in 2021, close to the 2020 average. Production has been disrupted due to political protests in the second quarter of 2021 that blocked oil fields but the Ministry of Mines and Energy expects production to recover in the second half of 2021.
The country’s oil output fell by around 12% in 2020 due to low oil prices and falling demand. In 2019, Colombia produced 895 kbl (+2.4% compared to 2018).
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