Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
  • About us
  • Support us
  • Contact Us
  • Intelligence
  • Advertising
  • Newsletter
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
News

Nicaragua grants concession for oil and gas exploration in Colombia’s former territory

by Marcus Sales August 14, 2013

Nicaragua has granted a concession for oil and gas exploration in maritime territory that belonged to Colombia until late last year, reported local media on Wednesday.

In November of last year, The International Court of Justice in Hague ruled on a long standing maritime dispute between Colombia and Nicaragua. Although Colombia was granted sovereignty over several islands, Nicaragua was the beneficiaries of a shifting of boundary lines between the two countries, effectively doubling their economic zone in the Caribbean Sea.

Ortega insisted however, that unlike Colombia, Nicaragua would respect the territory’s reserve areas.

The head of state indicated that the Colombian government had authorized oil exploration in protected areas.

“The government of Colombia had already authorized exploration activities in the reserve when they had the domain in that area,” argued the head of state.

Ortega did not reveal the name of the company which was awarded the concession, although Radio Santa Fe indicate that the Minister of Energy and Mines, Emilio Rappacciolo has been negotiating with Spanish company Repsol for an oil and exploration development in the Caribbean sea.

According to the Radio Station, Ortega has made an appeal to Colombian President Juan Manuel Santos, to resolve their differences through dialogue.

Sources

  • Nicaragua abre exploraciones de petróleo y gas en zona marítima otorgada por Corte de La Haya (Radio Santa Fe)
CaribbeangasInternational Court of JusticeNicaraguaoil

Trending

  • Colombia registers 12th massacre so far this year

  • Journalist resigns after pulling editorial punch at Colombia’s richest man

  • Colombia’s elderly still waiting for COVID-19 vaccines

Weekly interviews and news updates

Related articles

  • Coronavirus causing emergencies in all Colombia’s port cities

  • The Arab, Congolese, and Afro-Colombian roots of Shakira’s Super Bowl halftime show

  • Colombia arrests protest leaders days after receiving $1 million from Canadian oil company

  • Facebook
  • Twitter
  • Linkedin
  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top