Key Market Indicators
By 2026, Colombian crude oil production is set to reach nearly 48,220 thousand tonnes of oil equivalent. This represents an annual growth rate of 0.6%, with production having decreased marginally by 0.1% since 1976. In 2021, Colombia was the 20th largest producer of crude oil, with Algeria overtaking Colombia with production of 45,880 thousand tonnes of oil equivalent. Saudi Arabia, the United States and Iraq were the top three producers respectively.
