News Formal

Four Colombia fracking projects could bring $5 billion in annual investment

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Four fracking pilot projects in Colombia could bring in $5 billion annually in i...

BOGOTA - Four fracking pilot projects in Colombia could bring in $5 billion annually in investment once they are in the production phase, industry leaders said on Tuesday, as the country awaits regulation that will allow the projects to begin.

The top administrative court, the Council of State, is hearing a case on whether hydraulic fracturing, which breaks up rock formations with pressurized liquid, should be allowed but it has said pilot projects recommended by an expert commission can go ahead. Lloreda said he hoped work on the pilots, or at least the infrastructure required for them, could begin next year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Good for them, they need the money.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SoftBank's Masa Son wants WeWork's CEO out — Four experts on the company's futureSoftBank founder Masayoshi Son is in favor of removing Adam Neumann as the CEO of WeWork. The news comes as a surprise as Son has been Neumann's biggest supporter. More... 'talk about money, and fairy tails of eternal economic growth' - yeah. We don’t care about WeWork. Stop covering it.
Source: CNBC - 🏆 12. / 72 Read more »