Colombia will invest US$80 million a year for 15 years exploring for oil.

COLOMBIA Colombia (kəlŭm`bēə, Span. kōlōm`byä), officially Republic of Colombia, republic (2005 est. pop. 42,954,000), 439,735 sq mi (1,138,914 sq km), NW South America. Bogotá is the capital and largest city. will invest US$80 million a year for 15 years exploring for oil. The so-called so-called
adj.
1. Commonly called: "new buildings ... in so-called modern style" Graham Greene.

2. Plan 2020 will broaden areas of exploration in search of new reserves.

COPYRIGHT 2005 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:	COLOMBIA
Publication:	Latin Trade
Date:	Aug 1, 2005
Words:	28
Previous Article:	Colombia bought back US$160 million in sovereign debt due 2009 with proceeds from a $335 million bond issue.(COLOMBIA)
Next Article:	Mexico, through state holding company Cintra, approved a plan to sell Grupo Aerovias de Mexico (made up of airlines Aeromexico and Aerolitoral),...
Topics:	Oil and gas exploration Discovery and exploration Petroleum exploration Discovery and exploration

Related Articles
Saudi Investments Overseas - The Private Placements.
ECOPETROL.(signs contract with Western Atlas International)(Brief Article)
ECOPETROL.(plans to invest US$700 million to double production at its Cartagena refinery)(Brief Article)
Occidental trading range belies underlying balance sheet gains. (Investments & Finance).(Occidental Petroleum Corp. Colombia operations successful...
Open sky: bracing for a healthy flow of travelers, Colombia is ready to give up control of its largest airport.(Aviation)(El Dorado International...
Colombia will invest US$180 million exploring for oil through 2005.(COLOMBIA)
Harken Energy Corporation, a U.S. oil and gas company, said its unit Global Energy Development signed an agreement with Colombia to evaluate natural...
Roads of gold: the Colombian government wants to improve the country's infrastructure, and it's ready to spend.(COLOMBIA)(Cover Story)
Linking up.(1 YEAR AGO IN LATIN TRADE)(Brief article)
Running on empty: Colombia has to move fast to modernize its state-run oil sector.(OIL & GAS)