Saturday, June 27th, 2015 | USD: Buy 528.81 / Sell 541.11
August 5th, 2013 (InsideCostaRica.com) The president of Nicaragua, Daniel Ortega, said oil exploration concessions granted by his country are in the maritime areas that apply to Nicaragua and that “Costa Rica and Colombia falsely” claim as their own.
Ortega said the concessions are within territory clearly defined as Nicaraguan by the International Court of Justice (ICJ), during a ceremony with Nicaragua’s army.
The president said that he has given exploration rights to U.S., Canadian and Spanish firms to explore for oil and gas in areas of the Caribbean Sea which Nicaragua claims as its territory recognized by the ICJ on 19 November.
The International Court of Justice ruled on November 2012, a border dispute between Nicaragua and Colombia over the Archipelago, in which Bogota recognized sovereignty over the islands of San Andres, Providencia and Santa Catalina, and on the adjacent keys, and granted Managua maritime corridors.
Ortega said that Colombia and Costa Rica are “losing sight” that “what Nicaragua is doing is obeying the ruling of the Court.”
“We are acting according to law. And we can prove in any international organization where you want to take the case, as Costa Rica speaks of taking the case to international organizations,” said Ortega.
The government of Costa Rica claims that 18 areas in the Pacific Ocean and 55 in the Caribbean Sea where Nicaragua plans to explore for oil is Costa Rican territory.
Colombia is also protesting Nicaragua’s moves. “Nicaragua is offering blocks for exploration and exploitation of hydrocarbons, offshore in the Caribbean Sea, which include areas that belong to Colombia,” the country said.