Alba Petróleos de El Salvador, daughter company of PDVSA, is no longer importing from Venezuela the fuel it sells in the country, doing so instead from the United States.
EDITORIAL
Removal of market rules in order to achieve political objectives, always has an inevitable expiration date.This is what is happening with the alleged exportation of the so-called Bolivarian revolution, through Venezuela's contribution of oil and its derivatives to economies with apparently similarly minded governments.While it is true that the current Maduro government still has the loyalty in diplomatic terms of some Latin American and Caribbean governments, which has prevented his condemnation through international organisms, in the economic sphere relations with these allies are cooling off without remedy.
Under discussion in the Salvadoran Congress is the application of equal fiscal controls and management for private companies and those made up of mixed capital.
Public-private companies should be subject to the same controls and audits as those consisting of 100% private capital, because lack of transparency in controls of some of them and excess controls in others affects competitiveness and economic development.
Vuelos Económicos Centroamericanos S.A.'s project will have the financial support of Alba Petróleos.
This was confirmed by the principal advisor to Alba Petróleos, José Luis Merino. "Alba has received the group of businessmen behind the possible airline, who have requested financial support to study the current context of aviation and decide on their entry," said Merino.
The company is conducting feasibility studies on the import and distribution of Liquefied Petroleum Gas in El Salvador and other Central American countries.
"It would be an important element if we managed to change the energy matrix of El Salvador," said José Luis Merino, Alba Petróleos advisor, who explained that the company (funded with capital from the municipality of El Salvador and the state of Venezuela) has had conversations with natural gas producing countries.
CAMC Engineering, from Mainland China, is the counterpart of a $233 million contract to build the basic storage infrastructure and the pipeline network.
The Chinese group CAMC Engineering Co., Ltd. (CAMCE) signed a memorandum of understanding for a joint venture with Alba de Nicaragua SA (Albanisa) – a Venezuelan oil importing company, to build the first phase of a refinery in Nicaragua, which will be called " El Supremo Sueño de Bolívar” (The Supreme Dream of Bolivar).
The Higher Council of Private Enterprise of Nicaragua denounced the use of Venezuelan cooperation funds and the award of government contracts to benefit businesses belonging to President Ortega’s family.
An article by investigative reporters Octavio Enriquez and Moisés Martinez in Laprensa.com.ni , reported that the Higher Council of Private Enterprise (COSEP), "regretted on Wednesday that the Venezuelan cooperation funds were used to encourage 'unfair competition' in reference to Distribuidora Nicaragüense de Petróleo S.A. (DNP in Spanish). DNP is a company involved in oil sales and distribution. Run by one of President Daniel Ortega's daughter-in-law of, it was registered with the name of two trusted employee and it has received $1.69 million for state contracts since October 2010. "
The president of the company Alba de Nicaragua S.A., has announced that by the end of the year contracts will be signed for the construction of the first phase of the project.
The project in Nicaragua, which has been delayed for years, will provide capacity to process about 150,000 barrels a day, said Rafael Ramírez, Minister of Energy and Petroleum of Venezuela during the Petrocaribe VII Ministerial Council held in Managua, Nicaragua.
Shell is reviewing its Central American operations with a view to selling them, following what is says was an unsolicited offer from another party.
"This doesn't mean Shell is going to close its operations in Central America," said Leobardo González, the company's general manager in El Salvador, "but it is going to evaluate them to see what the alternatives are."