The President of the National Hydrocarbons Agency (ANH) Dr. Armando Zamora visited the Colombia pavilion at the EXPO 2020 Dubai from March 13-15, 2022. The President carried out this visit to showcase Colombia’s fossil fuel potential and explore various partnership and investment opportunities with the UAE.
The ANH is an administrator and regulator of the nation’s hydrocarbon resources. The agency invited prospective domestic and foreign investors in line with Colombia’s commitment to developing its oil, natural gas, and coal resources export to world markets.
Colombia possesses numerous fossil fuel and natural resources. The country is studded with various petroleum, coal, and natural gas reserves that remain significantly untapped and unexplored. Colombia is home to the largest coal reserves in South America, which also makes it the largest coal producer. An estimate of just the proven potential reserves in Colombia come up to 10,400MBOE (Million Barrels of Oil Equivalent). However, the sustainability-oriented country sources almost 70 per cent of its electric power from hydroelectric sources.
By offering attractive systems, economic and political stability, fully operational agency, high investor confidence, and vast geological potential, the Colombian government has created the ideal environment for businesses to thrive. The country has liberalized its energy and mining sector to encourage more participation from international companies to explore and develop the country’s resources. The EXPO 2020 Dubai acts as the ideal platform for the ANH to engage further in such discussions.