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Economy

Colombia’s police, tax agency raid Pacific Rubiales offices

by Alice Boyd November 4, 2011

pacific rubiales colombia news

Colombia’s tax and customs agency DIAN and the judicial police raid the offices of Canadian oil company Pacific Rubiales to conduct an investigation into whether they have been mis-registered, according to a report by W Radio Thursday.

The Canadian oil company, most of whose assets are in Colombia, has been involved in a number of high profile controversies in recent months.

Workers protests broke out at their sites in Puerto Gaitan and Quifa in September, where protests went on for several days demanding improvements in working conditions and site security.

In August, Colombian regulators announced that they would be investigating whether the Toronto-based company should be labeled a “business group” rather than a “company” due to its apparent links to more than a dozen subsidiaries and other companies.

According to a report by W Radio, Pacific Rubiales has maintained that their corporate structure has always been public, open and transparent and that they have never refused to register as a business group.

Colombia is the fourth largest oil producer in Latin America and Pacific Rubiales is Colombia’s largest and most productive private oil company.

DIANPacific Rubialesraid

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