El Salvador forges diplomatic links with Oman

El Salvador established diplomatic relations with the Sultanate of Oman as part of a strategy that aims to strengthen relations with the Arab world. The agreement was signed Monday in New York by Foreign Minister Marisol Argueta de Barillas and Oman's UN representative, Fuad al Hinai.

Thursday, April 17, 2008

Oil and natural gas form the backbone of Oman's economy but in recent years it has diversified into areas such as tourism.
"Oman represents an opportunity for cooperation in the development of tourism," said Argueta de Barillas, "and in the development of energy resources in the longer term, if the presence of major reserves of natural gas in El Salvador can be confirmed."

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Million-Dollar Losses by Protests and Blockades

July 2019

In the context of the protests and blockades that have been affecting Costa Rica for several days, the businessmen denounce that there are millions of losses, mainly in tourism, exports, and agricultural, industrial and commercial activities.

The protests that began last week and intensified on June 28, when students and teachers from at least 232 schools blocked several routes in the country, are caused, according to their participants, by young people objecting to issues such as dual education, neutral bathrooms, FARO tests or purchase of drones for agricultural schools.

Nicaragua According to USA: Good, but Bad

July 2016

The efforts made by the Ortega administration to attract more foreign investment were noted, but warnings were also give regarding deficiencies in the rule of law and an extensive executive control.

The report "Investment Climate Statements for 2016" prepared by the US State Department details the efforts made by Nicaragua to attract foreign investment by providing tax incentives to productive sectors such as mining and tourism, but also points out some elements that could affect the investment climate in the country, such as weak government institutions, deficiencies of law and an all-embracing control on the part of the executive branch.

El Salvador: ENEL Green Power Lawsuit Revived

July 2015

Despite the agreement signed last December, authorities from the CEL say it reserves the right to activate in civil courts processes to collect compensation for alleged damages.

After ten years of international litigation by the Italian company ENEL for control of the geothermal station Enel Green Power El Salvador, where the Salvadoran State had everything to lose, in December 2014 an agreement was signed at the International Centre for Settlement of Investment Disputes (ICSID) which stated in Article 3 that: "The parties (the Salvadoran State and Enel) have agreed as a condition non precedent of the effects of the Framework Agreement, the final and irrevocable extinction of the civil action of the crime involving Enel Green Power (EGP) and Enel Green Power in El Salvador criminal proceedings number 171-A-2-13 in the Seventh Court of Peace and 133-2013-12 in the Seventh Court of Instruction, both of San Salvador, that will be extended to all natural persons who are accused of crimes in the same instance ... ".

Business Council of Latin America in Honduras

February 2014

On March 20th-21st businessmen and representatives of the governments of the region will meet in Tela, Honduras.

Entrepreneurs and representatives of governments in the region will attend a meeting of the International-Latin American Business Council (CEAL) to be held in Honduras on 20 and 21 March.

ok