Complete oil provide, which incorporates the production of crude oil (together with lease condensates), pure gas plant liquids, and other liquids, and refinery processing acquire. — D.R.
Supply: U.S. Energy Info Administration, Quick-Term Power Outlook. Obtain CSV Knowledge
Colombia’s oil manufacturing set a new document in May 2011, reaching an average output of 927 thousand barrels per day (bbl/d) [Colombia achieved a record-high crude oil output of 927,000 bbl/d in Might 2011, up from 903,000 bbl/d in April 2011, Colombia’s Power and Mines Minister, Carlos Rodado Noriega, stated. Crude oil manufacturing in Colombia in Could 2011 reached 923,000 bbl/d in contrast with 902,000 bbl/d in April 2011 and 776,000 bbl/d in the year-ago month, i.e. Could 2010, in accordance with preliminary statistics from the Colombian hydrocarbons regulator ANH. — D.R.]. Common annual production increased by more than 30% [sic] between 2005 and 2010. EIA expects Colombia’s manufacturing to continue rising in the close to future. The June 2011 Brief-Term Vitality Outlook initiatives average annual manufacturing to increase from 800 thousand bbl/d in 2010 to 910 thousand bbl/d in 2011 and 980 thousand bbl/d in 2012.
Two factors primarily contributed to Colombia’s expanded manufacturing:
Improved Security: Colombia reported only 31 assaults in opposition to pipelines in 2010 compared with a whole bunch of such incidents that occurred per yr in the early 2000s.
Regulatory Adjustments: Since 1999, the Colombian authorities has sought to enhance the investment local weather. International direct funding has improved attributable to longer exploration licenses, lower royalty charges, and expanded alternatives for non-public corporations to function oil ventures.
U.S. Crude Oil Imports from Top 15 International locations, Dec 2010 and Full 12 months 2010 — EIA.” — D.R.] going to the United States [The U.S. is the most important destination for Colombia’s oil exports. China was Colombia’s second-largest oil export destination in 2010, followed by Japan. — D.R.]. Imports from Colombia helped offset declines in U.S. imports from Mexico and Venezuela. EIA’s lately released Nation Evaluation Transient for Colombia features additional evaluation on these developments, together with a broad dialogue of Colombia’s energy sector. [Full story]
(In 2010, Colombia’s crude oil manufacturing, including lease condensate, additionally was at its highest stage since 1999. In 2010, it averaged 785,526 barrels per day. Additionally, please see Aaron and David Rachovich, “Top 6 Oil Producers in Central & South America, 2006-Feb.