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Colombian oil industry fears chaos as rebels disarm

Monday, September 19, 2016


While Colombia’s recent agreement to end 52 years of internal war with its largest insurgent group has been heralded across the globe as a rare victory for peace, the nation’s oil industry fears the deal may increase turmoil, not reduce it.

Parts of the accord with the FARC will amplify the risk of corruption, political meddling and delays to oil projects, according to Campetrol, the Colombian chamber of oil goods and services.

Source: Bloomberg