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Crime is significant deterrent to foreign investment required to kickstart Colombia’s oil industry

By Matthew Smith

RIO DE JANEIRO, BRAZIL - There has long been an association between petroleum production, political repression, poor governance, and increased internal conflict. For strife-torn oil-dependent Colombia, which is claimed to be Latin America’s longest-running democracy, this is no different. Like South American neighbors Venezuela, Brazil, and Ecuador, black gold became an important economic motor for Colombia with the country’s addiction to petroleum starting in the mid-1980s when it became a net oil exporter.

The Andean nation’s decades-long low-intensity multi-faceted asymmetric civil conflict, which again escalated during the mid . . .

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