Metairie
oil firm caught amid feud
• Colombia,
Nicaragua dispute island rights
For
Latinos, this Caribbean island is an
increasingly popular honeymoon spot. For
Metairie oil explorers MKJ Xplorations Inc.,
it stands as a reminder that wooing Latin
American governments for the right to do
business there can sometimes make for a rocky
marriage.
The Nicaraguan
government recently granted MKJ and three
other small U.S. firms rights to explore for
oil in the area a few miles west of San
Andres. Unfortunately for the drillers,
Nicaragua has a rival for their affections.
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