Does Canada have a presence in Colombia?

Canadian exploration (mining and O&G) companies have a presence in Colombia $21 Billion CAD Total value of energy (mining and O&G) exports in 2022 Colombia is the fourth largest economy in Latin America. The country has a geographically advantaged location and high potential in non-conventional renewable energy sources.

Why should Canada invest in Colombia?

Double taxation Convention between Canada and Colombia. Given its geographic and economic conditions, the Colombian market is ideal for business development in energy transition and decarbonization. Colombia is committed to achieving a 51% reduction in greenhouse gases (GHG) by 2030 and carbon neutrality by 2050.

Why is Colombia the fourth largest economy in Latin America?

Colombia is the fourth largest economy in Latin America. The country has a geographically advantaged location and high potential in non-conventional renewable energy sources. Historically an oil and gas and mining intensive economy, the country is facing a process of potential policy shifts impacting the petroleum and mining sectors.

How can Canadian and Colombian companies compete in the oil and gas market?

Colombian companies are mostly small to medium sized and interested in acquiring technical and technological capacities. Canadian companies can be successful in the market by partnering with local companies and by bringing new technologies relating to the decarbonization of the oil and gas sector.