With peace talks engaged for the first time in a decade, and the Revolutionary Armed Forces of Colombia (FARC) at its weakest point in history, Colombia’s once-stifled oil and mining sectors have taken off, enabling oil production to reach a record of 1 million barrels per day in late-December. Yet the extractive industry has found itself increasingly targeted by the FARC and other rebels who are seeking to force concessions from the government, putting foreign investment, now at all-time highs, at risk.
The FARC are suspected in the bombing of a gas pipeline in La Guajira in Northeastern Colombia on Friday. The attack came days after the leftist rebel group destroyed sections of two oil pipelines and planted a bomb on a railway owned by the country's largest coal exporter, Cerrejón, a joint venture of BHP Billiton, Xstrata and Anglo American. ...
To read the rest, sign up to try World Politics Review
- TWO WEEKS FREE.
- Cancel any time.
- After two weeks, just $11.99 monthly or $94.99/year.
Request a free trial for your office or school. Everyone at a given site can get access through our institutional subscriptions.
- Falling Oil Prices Push Venezuela, Maduro Closer to the Edge
- Uruguay’s Election a Choice Between Two Models for Economic Growth
- Bolivia, ALBA Left Succeed With Pragmatic Authoritarian Model
- Bolivia’s Morales Set to Ride Pragmatic Populism to Landslide
- Angola Modernizes Navy to Protect Maritime Resources