Can Colombia’s New Government Reverse the Nation’s Oil and Gas Decline?

AI Summary

Colombia has elected far-right candidate Abelardo de la Espriella as president after a close and contested election, following a concession by left-wing senator Ivan Cepeda. De la Espriella's presidency is expected to bring changes beneficial to the nation's struggling oil and gas sector.

In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought campaign which split the community, sparking much controversy across Colombia. While debate rages over De la Espriella’s policies and ascension to power, it is clear his presidency will be a godsend for Colombia’s beaten-down, economically critical oil industry. After the closest election…