IAHL Corporation (IAHL)

[Gators12]

The oil and gas (“O&G”) sector has been one of the most discussed in Petro’s presidential campaigns.

Petro’s proposals generate concern among traditional energy operators; however, they also potentially provide opportunities for renewable energy projects. Petro has promised to promote alternative energy options to meet the country’s energy demand. 16 According to Colombia’s Energy and Planning Unit (Unidad de Planeación Minero Energética – “UPME”), Colombia’s demand for energy from 2021 to 2035 is expected to increase at an annual growth rate of between 2.28% and 2.68%, 17 indicating that Petro would have to push his energy transition agenda to meet the country’s demands. Considering that one of the priorities in his agenda is to lead the alternative energy industry in Colombia, this is a sector with important business opportunities in the next four years.