Oil companies pledge deliveries to Honduras
Oil companies promised to re-establish normal deliveries to Honduras after the government threatened to appropriate their storage tanks and import oil directly.
Monday, May 12, 2008
The president's press office said in a statement that the companies had promised to provide all the nation's service stations with enough gasoline to meet current demand.
After Shell and Exxon withdrew from the Central American Market, companies Texaco, Unopetrol and Puma dominate fuel imports, storage, distribution and part of its commercialization in Honduras.
The companies that acquired the Shell and Texaco service stations are preparing for changes in operation.
The fuel company has announced a regional expansion process in El Salvador, Honduras and Panama.
An analysis states that bureaucratic obstacles may discourage the entry of new competitors in a market moderately concentrated.
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