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Colombian ELN guerrillas free 11 oil workers as kidnapping hits industry growth

Wednesday, March 7, 2012

Colombia's ELN guerrillas have freed 11 oil workers who were kidnapped in late February, the International Red Cross said on Tuesday.

The kidnappings are the latest in a flurry of security incidents that could limit growth of the country's oil industry.

Although a decade-long U.S.-backed crackdown on Colombia's Marxist guerrillas paved the way for record exploration and production, security problems like hostage taking and pipeline bombings remain a top concern for oil and gas companies.

Source: Reuters