Re: [CTRL] Drug war my ass - why we are really in the region.
-Caveat Lector- Certainly puts a little bit different spin on the matter but one cannot deny that the so-called war on drugs is in fact a tool for money laundering and get rich quick schemes for the power brokers of this country as well. On Sat, 16 June 2001, Nurev Ind. wrote: -Caveat Lector- = Oil accounts for 35 percent of Colombia's exports, with coal making up 7 percent. Colombia is Latin America's fifth-largest oil exporter, and sends 85 percent of its crude to the U.S. ___ = REUTERS Wednesday, 13 June 2001 Foreign investment up in Colombia's oilfields By C. Bryson Hull HOUSTON, Texas -- Foreign oil companies are tapping more of Colombia's rich oil and gas fields as the country offers better contractual terms and increased security, the nation's ambassador to the United States said on Wednesday. ``Colombia has understood that our efforts to make investments in the energy sector more attractive to you are tied to the well-being of all our citizens,'' Ambassador Luis Alberto Moreno told an audience of energy executives at a luncheon sponsored by the InterAmerican Chamber of Commerce. President Andres Pastrana's administration has already increased foreign investment by upping the return energy companies get from exploration and production activities, Moreno said. Previously, foreign operators had to give the government, via Colombian state oil firm Ecopetrol, half of their production. The new contracts, 28 years in length, lower the state's cut to 30 percent. Right now, 80 foreign energy companies are operating in Colombia, he said. Geologically speaking, Colombia is an attractive target for exploration and production companies because of its rich and mostly untapped oil and gas reserves. Moreno said Colombia has 33 billion barrels of oil equivalent and 7 trillion cubic feet of proved reserves in natural gas. But the most bedeviling problem for foreign oil companies is maintaining security for its workers and operations. Guerrillas fighting in Colombia's 37-year-old civil war have bombed pipelines and production facilities and kidnapped workers, adding significant costs and risks. For example, leftist rebels in April kidnapped 27 employees working for U.S. company Occidental Petroleum Corp. at a remote oil field. The Cano Limon pipeline Occidental operates has been bombed more than 100 times. Harken Energy Inc., a Houston-based oil company, in recent months said it was considering the ``timing'' of its Colombian operations, and last week said it planned to merge all of its foreign assets with internationally-focused operator. Pastrana has pushed hard to reach peace with the leftist guerrilla groups, which he sees -- along with the eradication of the nation's illegal drug trade -- as a key to attracting foreign investment to fund infrastructure improvements. ``There is still work to do. We are working hard to reach a peace settlement, a political solution with the main insurgency group, the FARC, which will eventually make situations in Colombia easier for private investors,'' Moreno said. FARC is the acronym formed by the Spanish name of Colombia's largest leftist guerrilla group. The leftist groups generally oppose Pastrana's plans. Pastrana's $7.5 billion Plan Colombia, a broad policy initiative that initially focuses on fighting drug production, also includes efforts to protect Colombia's energy infrastructure, Moreno said. Oil accounts for 35 percent of Colombia's exports, with coal making up 7 percent. Colombia is Latin America's fifth-largest oil exporter, and sends 85 percent of its crude to the U.S. Copyright 2001 Reuters A HREF=http://www.ctrl.org/;www.ctrl.org/A DECLARATION DISCLAIMER == CTRL is a discussion informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substancenot soap-boxingplease! These are sordid matters and 'conspiracy theory'with its many half-truths, mis- directions and outright fraudsis used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html A HREF=http://peach.ease.lsoft.com/archives/ctrl.html;Archives of [EMAIL PROTECTED]/A http:[EMAIL PROTECTED]/ A HREF=http:[EMAIL PROTECTED]/;ctrl/A
[CTRL] Drug war my ass - why we are really in the region.
-Caveat Lector- = Oil accounts for 35 percent of Colombia's exports, with coal making up 7 percent. Colombia is Latin America's fifth-largest oil exporter, and sends 85 percent of its crude to the U.S. ___ = REUTERS Wednesday, 13 June 2001 Foreign investment up in Colombia's oilfields By C. Bryson Hull HOUSTON, Texas -- Foreign oil companies are tapping more of Colombia's rich oil and gas fields as the country offers better contractual terms and increased security, the nation's ambassador to the United States said on Wednesday. ``Colombia has understood that our efforts to make investments in the energy sector more attractive to you are tied to the well-being of all our citizens,'' Ambassador Luis Alberto Moreno told an audience of energy executives at a luncheon sponsored by the InterAmerican Chamber of Commerce. President Andres Pastrana's administration has already increased foreign investment by upping the return energy companies get from exploration and production activities, Moreno said. Previously, foreign operators had to give the government, via Colombian state oil firm Ecopetrol, half of their production. The new contracts, 28 years in length, lower the state's cut to 30 percent. Right now, 80 foreign energy companies are operating in Colombia, he said. Geologically speaking, Colombia is an attractive target for exploration and production companies because of its rich and mostly untapped oil and gas reserves. Moreno said Colombia has 33 billion barrels of oil equivalent and 7 trillion cubic feet of proved reserves in natural gas. But the most bedeviling problem for foreign oil companies is maintaining security for its workers and operations. Guerrillas fighting in Colombia's 37-year-old civil war have bombed pipelines and production facilities and kidnapped workers, adding significant costs and risks. For example, leftist rebels in April kidnapped 27 employees working for U.S. company Occidental Petroleum Corp. at a remote oil field. The Cano Limon pipeline Occidental operates has been bombed more than 100 times. Harken Energy Inc., a Houston-based oil company, in recent months said it was considering the ``timing'' of its Colombian operations, and last week said it planned to merge all of its foreign assets with internationally-focused operator. Pastrana has pushed hard to reach peace with the leftist guerrilla groups, which he sees -- along with the eradication of the nation's illegal drug trade -- as a key to attracting foreign investment to fund infrastructure improvements. ``There is still work to do. We are working hard to reach a peace settlement, a political solution with the main insurgency group, the FARC, which will eventually make situations in Colombia easier for private investors,'' Moreno said. FARC is the acronym formed by the Spanish name of Colombia's largest leftist guerrilla group. The leftist groups generally oppose Pastrana's plans. Pastrana's $7.5 billion Plan Colombia, a broad policy initiative that initially focuses on fighting drug production, also includes efforts to protect Colombia's energy infrastructure, Moreno said. Oil accounts for 35 percent of Colombia's exports, with coal making up 7 percent. Colombia is Latin America's fifth-largest oil exporter, and sends 85 percent of its crude to the U.S. Copyright 2001 Reuters A HREF=http://www.ctrl.org/;www.ctrl.org/A DECLARATION DISCLAIMER == CTRL is a discussion informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substancenot soap-boxingplease! These are sordid matters and 'conspiracy theory'with its many half-truths, mis- directions and outright fraudsis used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html A HREF=http://peach.ease.lsoft.com/archives/ctrl.html;Archives of [EMAIL PROTECTED]/A http:[EMAIL PROTECTED]/ A HREF=http:[EMAIL PROTECTED]/;ctrl/A To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om