Friday, February 20, 2015

Terrorism financing scandal latest bad news to rock Colombia's oil industry

Official sources in Colombia told reporters late on Thursday that the Colombian attorney general issued captures orders against five people implicated in scheme whereby the Italian-Argentine oil company Sicim funded the ELN guerrilla group. Implicated in the scandal are two of the company’s top employees in Colombia, who apparently maintained close relationships with members of the ELN and the FARC guerrilla groups. According to the EFE report, Sicim, a specialist in oil pipeline construction, made multi-million-dollar payoffs to the ELN and several FARC Fronts in northeastern Colombia, related to the construction of the Bicentenario pipeline.

In news related to Colombia’s mining sector, the focus has overwhelmingly been on the national mining strike that started on Wednesday. Colombian Senator Juan Diego Gómez Jiménez called for the resignation of the president of the Colombian National Mining Agency. He argued that the lack of decisive action by the director of the Agency is the main cause of the strike, and thus the director should be removed.


Meanwhile, the Colombian government has organized a meeting in Medellín between the government’s representatives and the leaders of the protesting miners to negotiate an end to the strike. Several regional opinion pieces spoke out in favor the of the miners and their grievances, highlighting the long tradition of small miners in Colombia, and the problems these miners have faced and the effect they have on their communities.

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