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  • knowledged at the unveiling last Friday of the 2013 budget that the oil production target had been lowered from an initial 1.06 million bpd to 981,000 bpd.The decision to lower the target was a response to the realities of daily oil production in Colombia, the No. 4 oil producer in Latin America, trailing Venezuela, Mexico and Brazil, the minister said.Colombia has petroleum reserves of some 2.2 b
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