According to the latest report from the Milenio Foundation, one of the main reasons for the deterioration in hydrocarbon production in the country is the low foreign investment in this sector. From 2014 to 2019, investments in the industry fell by 82.09%. In 2019 the external capital resources that arrived in the country were $242 million, 0.6% of the GDP. Attracting investment is one of the most backward areas in the country, with regulations and institutions that provide little incentive for private and mainly foreign investment.
Source: El Deber