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).
A report from the state run and monopolistic Costa Rican Petroleum Refinery indicates that during 2014 the country consumed 19 million barrels of oil.
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.
Since its return to Petrocaribe in May this year Honduras has not received a single shipment of oil from the South American country.
A proposal has been made for the creation of a national contingency plan for oil spills, and spills of other hazardous and noxious substances.
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