Exxon Looks To Recoup Investment As Colombia Prepares To Ban Fracking ...Middle East

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Exxon Looks To Recoup Investment As Colombia Prepares To Ban Fracking
source : OILPRICE ( Middle East ) () 27
ExxonMobil is holding discussions with the Colombian government to potentially recover some of its investments in projects as Colombia prepares to ban fracking in the coming months, sources close to the talks have told Reuters. Colombia's leftist president Gustavo Petro, who took office on August 7, 2022, campaigned on a platform of ending hydrocarbon exploration, hiking taxes and banning hydraulic fracturing, known as fracking. The Colombian Senate has already approved a ban on unconventional oil and gas exploration and projects, including…

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