Costa Rica: Oil Development Banned Until 2021

While renegotiations are carried out on a loan to build an oil refinery, President Solis has issued a decree extending the moratorium on oil exploration and production until 2021.

Monday, July 28, 2014

While the private sector mourns the loss of competitiveness caused by the high cost of electricity and the lack of proposals to solve the power supply problem affecting the country, the government has decided to extend for six years a ban on all types of oil industry in the country, citing lack of information on the effects of the activity on the environment.

The Environment Minister Edgar Gutierrez, said "...Oil exploration involves serious environmental risks and a detailed analysis of the cost benefit of extractive activities is needed.'"

"...The decree amends Article 1 of moratorium 36,693 of the Ministry of Environment and Energy, signed during the administration of Laura Chinchilla on 1 August 2011. "

More on this topic

Costa Rica: Environment vs. Hydropower

August 2015

An executive decree has forbidden the development of hydroelectric projects of more than 500 MW in the bed of the Pacuare and Savegre rivers for the next 25 years.

From a statement issued by the Presidential Office of Costa Rica:

Government decree safeguards environment of Savegre and Pacuare rivers for 25 years

Costa Rica: Oil Drilling Ban Suspended

January 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.

The Sala IV, Costa Rica’s Supreme Court, suspended president Laura Chinchilla’s decree, which prevented the exploitation of hydrocarbons and the granting of permits for three years, until a constitutional complaint made by the Association of Geologists is resolved.

Costa Rica: Petroleum Company Appeals to Get Contract Signed

September 2011

Mallon Oil Company has filed an appeal in an attempt to get a contract signed for the exploitation of oil and natural gas.

In the appeal to the Constitutional Court, the company is demanding that the Ministry of Environment, Energy and Telecommunications (Minaet) sign the contract for oil and natural gas exploitation in the south, having one a concession for it in a competitive tender eleven years ago.

Costa Rica Enacts Moratorium on Oil Exploration

August 2011

The presidency of Costa Rica has declared a moratorium of three years for oil exploration in the country.

The decree means the suspension of all procedures related to the exploitation of oil deposits in the territory of Costa Rica, pending a final act to be presented before various state agencies.

 close (x)

Receive more news about Energy

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Citrus Extract

CitroBio is a citrus extract wash for use throughout the entire food industry.
CitroBio is a citrus wash for sprouts, fruits,...

Stock Indexes

(Jul 21)
Dow Jones
-0.15%
S&P 500
-0.04%
Nasdaq
-0.04%

Commodities

(Jul 21)
Brent Crude Oil
48.31
Coffee "C"
140.1
Gold
1,255
Silver
16.470