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Monday, May 17, 2010

BP to invest over $300 mln in Colombia in 2010-2011 http://colombiareports.com/colombia-news/economy/9743-bp-to-invest-over-300-mln-in-colombia-in-2010-2011.html

Oil company B.P. will invest more than $300 million in Colombia in 2010 and 2011 as it expands its gas and oil production in the country, the local company president said on Friday.BP Exploration Company Colombia President Alberto Galvis, said expansion plans have not changed despite a massive oil leak in the U.S Gulf of Mexico.

Galvis said BP's investment in Colombia would be around $150 million in 2010 and above that next year."We're going to forge ahead with this investment," he told reporters at an international oil and mining conference in Cartagena. Colombia, Latin America's No. 4 oil producer, has seen a "mini-boom" in energy investment as companies have stepped up exploration after improvements in security under President Alvaro Uribe.

comment-by improvements in security they eman forced displacementand expropriation of other communities lands....but anyway heres a history of BP in Colombia...Line of fire BP and human rights abuses in Colombia http://www.platformlondon.org/carbonweb/documents/chapter11.pdf  

BP's employed an ex-Israeli army chief to oversee security http://northern.indymedia.org/articles/655  Oil companies behind violence in Colombia http://www.workers.org/2007/world/colombia-0830/  Columbia: Peoples’ Permanent Tribunal holds hearing on Oil Companies http://intercontinentalcry.org/columbia-peoples’-permanent-tribunal-holds-hearing-on-oil-companies/

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