Honduras: Hydrocarbons Could be Regulated

The government is preparing a law that will seek equal conditions for all the participants of the hydrocarbon market.

Friday, July 10, 2009

There are several instructions involved in the supply chain, situation that generates a sharp division between the different participants, according to Benjamín Bográn, minister at the Industry and Commerce Secretary (SIC, Spanish acronym).

Laprensahn.com publishes: "Importers complained on how they have been affected by the changes in the formula, and the requirement, in some cases, to sell fuel at 60 degrees".

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Oil Consumption in Costa Rica

January 2015

A report from the state run and monopolistic Costa Rican Petroleum Refinery indicates that during 2014 the country consumed 19 million barrels of oil.

From the report by the Costa Rican Petroleum Refinery (RECOPE):

According to the records from the Costa Rican Petroleum Refinery (RECOPE SA), sales for the period January to December 2014 increased by 2.12% compared to the same period in 2013, going from 3,023,400 m³ in that year to 3,087,620 m³ in the past year (equivalent to 19 million barrels).

Reform to Law on Hydrocarbon Exploration

August 2014

A proposal has been made to amend the Special Law on Exploration and Exploitation of Hydrocarbons in order to further extend search deadlines from 5 to 10 years for the operating period and from 1 to 6 years for exploration.

In order to provide longer time frames for exploration and mining stages, the President has sent to the National Assembly a proposal to reform the Special Law on Exploration and Exploitation of Hydrocarbons.

Honduras Should Seek Alternatives to Petrocaribe

December 2013

Since its return to Petrocaribe in May this year Honduras has not received a single shipment of oil from the South American country.

The President-elect Juan Orlando Hernandez will have the task of defining whether the country remains within Petrocaribe or looks for alternatives to imported hydrocarbons.

National Oil Spill Plan in Panama

March 2013

A proposal has been made for the creation of a national contingency plan for oil spills, and spills of other hazardous and noxious substances.

In order to ensure a response that is institutional, coordinated and under unified criteria in the event of a disastrous event such as contamination from an oil spill, draft law No.

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