The Colombian government estimates that 62 billion U.S. dollars of foreign investment in oil and mining would reduce public debt to 25.7 percent of GDP in 2015 compared to the current 38.6 percent.
Sources from the National Planning Department told Xinhua that the Ministry of Mines says "between 2008 and 2015 investment in this sector could rise to 54 billion dollars in the oil sector and eight billion dollars in the mining sector."
Moreover, the department reported that rental income and dividends in oil operations will reach 1.81 percent of GDP in 2014.
In addition to that income, investment in oil exploration would allow a rise in oil production to 1.5 million barrels per day by 2018./.