Colombia's ELN rebels kidnapped 11 oil workers last month and released them last week. However, as a result of the security situation, Emerald Energy, which is owned by China's Sinochem, announced that it has suspended operations in southern Colombia. It is the second time the company has suspended operations there, adding that some of the trucking firms it works with are refusing to provide services due to the risk. Is Colombia's security situation threatening to hold back its booming oil sector? Will security problems in Colombia's oilproducing areas get worse or better in the near term? What steps should the government be taking to lessen the risk?
Re-posted with permission from the publishers as a PDF document as part of an Institutional Repository collection to aggregate energy policy, regulation, dialogue and educational materials.
Inter-American Dialogue's Latin American Energy Advisor. "Does Insecurity Threaten Colombia's Booming Oil Sector?." (2012). http://digitalrepository.unm.edu/la_energy_dialog/126