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Colombia’s exports grew 7% in June and 14.2% for H1 2026, but the gains are concentrated almost entirely in oil, coal, and gold, while agricultural exports fell.

Colombia’s gasoline imports, which stood at 43% of national demand in 2025, are projected to climb to as much as 50% by early 2031, according to forecasts from the Asociación Colombiana del Petróleo y Gas (ACP)

Colombia has lost relevance on Latin America’s oil production map, according to new International Energy Agency (IEA) projections, while Brazil, Argentina, and even Guyana — a country with essentially no oil industry a decade ago — accelerate output.

Colombia’s natural gas production fell 12.9% year-on-year in May 2026, to 1,129 million cubic feet per day (mmcfd) from 1,296 mmcfd in May 2025, with the decline attributed to Casanare, Sucre, Boyacá, and Córdoba.

The situation Abelardo de la Espriella inherits on August 7^th has a clear statistical signature, according to El País: crude oil production is at its lowest level in 16 years – a figure corroborated by Corficolombiana – the ANH signed zero new exploration and production contracts in four years, gas reserves collapsed to the point where Colombia now imports one third of what it consumes, and the sector has posted nine consecutive quarters of declining performance.

Colombia’s oil and gas production data for May 2026, compiled by Acipet from ANH figures and reported by Valora Analitik on July 9, confirms that the sector’s decline is accelerating – and that the gas side of the ledger is deteriorating far faster than oil.

Colombia’s Ministry of Mines and Energy and the National Hydrocarbon Agency (ANH) presented the 2025 Resources and Reserves Report (IRR 2025) on June 23, certifying that the country’s proven oil reserves held essentially flat at 2,020 million barrels as of December 31, 2025, with the reserves-to-production ratio (R/P) improving to 7.4 years from 7.2 despite a 4% drop in annual production and a 14% decline in average Brent prices.

Colombia’s crude oil exports hit their highest level since July 2022 in April 2026, reaching US$1.62B for the month — a surge driven not by increased output but by Iran War-driven price strength in international markets.

NG Energy International Corp. (TSX: GASX) has announced successful drilling results for the Aruchara-5 development well at its María Conchita block on Colombia’s Caribbean coast, where the company holds an 80% working interest.

Colombia’s fiscal crisis has pushed hydrocarbon policy to the center of the 2026 presidential campaign, forcing every major candidate — regardless of ideology — to grapple with the same uncomfortable arithmetic: the country’s public finances depend heavily on oil revenues, even as the sector faces declining reserves and mounting pressure over energy security.