Violence, Crime Continue To Cast Shadow Over Future Oil Investment In Colombia

The then-president of Colombian state oil company Ecopetrol, Carlos Rodado, estimated in July 1999 that his country needs about $6 billion in foreign oil investment by 2010. Rodado was on an international tour to promote improved contractual terms for foreign oil companies. The tour coincided neatly with the scheduled start of formal peace talks with the country's largest leftist guerrilla group-the Revolutionary Armed Forces of Colombia (FARC). Click here to enlarge imageUnfortunately, the peace talks were postponed. Once again, conflict-related violence and the uncertainty that surrounds the government's peace initiative cast a shadow over the prospect of future foreign oil inv...

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