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Pacific Rubiales earns more in finance than it does in oil

10/05/2013

This is what can be taken away from a recent study by the Uniciencia Bucaramanga, a Colombian university, entitled 'Mining and Energy Policy: Analysis of the Case of Pacific Rubiales'. The report's author, Mario Alejandro Valencia, states, "Despite the fact that the base of Pacific Rubiales' wealth comes from the extraction of Colombian oil and gas, a large portion of it comes from financial speculation, an activity which results in zero investment for Colombia."