Fund Manager says Colombia could overtake Venezuela's oil production in 10 years

Colombia Reports (Hannah Stone): An emerging markets fund manager predicts that within ten years Colombia could be producing more oil than neighboring Venezuela

In an interview with CityWire, Francisco Alzuru, who runs the Hansberger Emerging Latin America Fund, predicts that "within ten years time you could potentially have Colombia producing more oil than their neighbour Venezuela."

Alzuru commented that while Venezuelan oil production is declining, Colombia's production is "growing tremendously."

Colombia's oil industry is booming thanks in part to security improvements and business-friendly policies implemented by President Alvaro Uribe, who gained office in 2002.

The Next Major Colombian Exploration Opportunity?

Houston American Energy Corp.

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• With only 31 million shares outstanding, the per share impact of large oil discoveries will be astounding
  
  Website: www.houstonamericanenergy.com
  
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