Nicaragua: Dispute Over Oil Concession

Colombia is questioning the concession granted to an oil company to explore near San Andrés.

Thursday, May 26, 2011

MKJ Exploration International was awarded a concession from the Nicaraguan Government to explore near the island of San Andres.

This has been strongly questioned by representatives of the Colombian government, who believe that Nicaragua is seeking to exercise sovereignty over a disputed area.

An article in Laprensa.com.ni notes: "the area granted to MKJ is 400 thousand hectares in Tyra and Isabel banks area. It is 100 kilometers from the Nicaraguan coast, just a few miles from the Archipelago of San Andrés, which is located 107 kilometers from Nicaragua. "

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