Colombia Studies Need for New Oil and Gas Exploration as Reserves Dwindle, Minister Says

  • Colombian Trade Minister Umaña speaks in phone interview
  • Nation must manage energy transition sustainably, Umaña says
Colombian trade minister German UmañaPhotographer: Ferley Ospina/Bloomberg
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Colombia is studying the need for more exploration contracts after a report showed oil and gas reserves dropping, according to a senior minister.

The government wants to lead a transition away from fossil fuels while limiting any negative impact on the economy, Trade Minister German Umaña said Thursday in a phone interview.