Nicaragua to drill for oil off Caribbean coast

August 18, 2013   // 0 Comments

Nicaragua says it will begin drilling for oil and gas off its Caribbean coast in an area that belonged to Colombia until last year. Energy Minister Emilio Rappaccioli said a US company would begin exploratory work at the Old Providence barrier reef this weekend. The area was granted to Nicaragua in November after a decades-old dispute with Colombia. Campaigners say the project will harm the envi...

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