1. Colombia
Production (1,000 b/d): 1,005.6
Proven reserves (millions of barrels): 2,308
Years of production left at current level: 6 years
2015 import of crude oil (1,000 b/d): –
2015 import of petroleum products (1,000 b/d): –
Another country on our list that doesn’t import oil is Colombia. Oil exports play a significant role in country’s fiscal policy, accounting for some 20% of all exports. Almost all of the exported oil goes to the United States. As the peace deal between the government and FARC has been signed, a substantial space for increased production has been opened. Country’s rural region, previously off limit to explorers, could also hold many potential oil fields, which would hopefully increase Colombia’s energy stability. With years of production left at the current level estimated at six, Colombia is on top of this list of 10 countries that are running out of oil.
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