Grupo Alba Purchases Gas Stations in Nicaragua

Nicaraguan Petrol Distributor (DNP), a network of 50 gas stations in the country, was acquired for an undisclosed amount.

Thursday, September 3, 2009

The purchase was done by a holding company related to the family of President Ortega. Its previous owner was Swiss company Glencore, and its assets include storage tanks in Puerto de Corino, capable of 60.000 barrels.

"The purchase was done by 'Caja Rural Nacional' (Alba Caruna), a 'Sandinista' cooperative which functions as a semi-public bank for Ortega's Government. It has also funded some of the main acquisitions by Grupo Alba, as is the case of the Seminole operation purchase".

More on this topic

Alba Petroleos Plant Starts Operations in Acajutla

May 2011

The plant, capable of storing 350,000 barrels of fuel, will be inaugurated on May 19.

The plant built with an investment of $115 million, is owned by Alba Petroleum, a company formed by Salvadoran municipalities and the Venezuelan state oil company PDVSA.

Luz Estrella Rodríguez, vice president of Petroleos Alba told the media that within ten days the company will begin marketing liquefied gas, and making its debut in the Salvadoran market.

"Alba de Nicaragua" Public Limited Corporation

September 2009

ALBANISA is a group of companies with activities and interests in many sectors of Nicaragua's economy.

It is a mixed private company, 49% owned by Nicaraguan state petrol company "Petróleos de Nicaragua" (Petronic), while the remaining 51% is owned by its Venezuelan counterpart, "Petróleos de Venezuela" (PDVSA). It was created in 2007, as a result of Nicaragua's entry to ALBA, the Bolivarian Alliance for the Americas.

The Business of Gas Stations in Guatemala

March 2014

There has been a reduction in the number of independent gas stations and an increases the presence of corporate brands.

The gas stations business in Guatemala has been transformed in recent years, as fewer and fewer service stations are being operated by independent companies, many of which have sold their establishments or been acquired by international franchise brands.

Alba Petróleos will Commercialize Gas in El Salvador

October 2010

The company announced plans to venture into the liquefied gas market starting January 2011.

Luz Estrella Rodríguez, vice president of Alba Petroleum, made the announcement adding they are currently conducting a market study.

According to Laprensagrafica.com, "…..with regards to construction of a storage facility in Acajutla, Rodriguez said this required an additional investment of approximately $ 10 million, which was covered by their partner, Venezuelan state company PDVSA”.

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