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Friday, January 29th, 2016  |  USD: Buy 531.29 / Sell 543.92
20 years

Sala IV upholds ban on oil exploration in Costa Rica

oil well, oil drilling

March 7th, 2013 ( The judges of the Constitutional Court rejected an appeal brought by the Association of Geologists of Costa Rica against the moratorium on oil exploration in the country.


In 2011, the Costa Rican government enacted a three-year moratorium on oil exploration in the country, thus suspending the concessions that were previously granted for the activity, such as that held by the U.S. firm, Mallon Oil Company.


The moratorium will continue until the end of the three-year term set out by the initial decree.


costa rica news

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