Costa Rica vs. Nicaragua: Oil in Disputed SeasThe Costa Rican government will ask the International Court of Justice to determine the border between the two countries in the Caribbean and Pacific.Tuesday, February 25, 2014
Both countries have not reached an agreement over the delimitation of their maritime boundaries, and the recent decision by Nicaragua to tender exploration and exploitation of oil in Caribbean waters has alarmed the government of Costa Rica which has denounced Nicaragua for offering such licenses in areas that Costa Ricans consider belongs to them. Source: elnuevodiario.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Costa Rica reacts to hydrocarbons exploration in NicaraguaJune 2015 After the signing of a contract between the government of Nicaragua and a norwegian company to explore for hydrocarbons, Costa Rica has noted that the award was made on disputed maritime areas in the International Court of Justice. Nicaragua: Five Petroleum Concessions in Uncontested AreasSeptember 2013 Four awards have been made so far in the Caribbean and in the Pacific, to Noble Energy, Infinity Energy and Industrias Oklahoma Nicaragua. Costa Rica: Oil Drilling Ban SuspendedJanuary 2012 The Supreme Court has admitted an appeal against a government decree that prevented oil exploitation concessions for 3 years; Mallon Oil may be able to force the government to sign the contract. Nicaragua Condemns Colombia Regarding Oil ConcessionsJuly 2010 The Nicaraguan president has accused Colombia of granting oil concessions in “territories that do not belong to it”.
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