Oxy decries Senate Colombian pipeline security plan

Occidental Petroleum Corp. said it does not support a pending US Senate proposal that calls on the company to pay the US government $1 million for future costs connected with improving security of a Colombian oil pipeline frequently subject to guerrilla attacks."There is no precedent for this in US history. Oxy did not request the appropriation of funds for protection of the pipeline. The Colombian government requested support from the US Embassy in Bogota after attacks in 2001 cost Colombia $500 million in lost revenue," an Oxy official said June 6.The proposal is buried in S.2551, an emergency spending bill designed to combat terrorism aimed at US interests. It would provide $3.5 millio...

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