The U.S. firm could explore in an area next to the exploration site of Britain's BG Group, which has already received a concession from the Government.
The U.S. company Chevron said it still intends to investigate the existence of oil and natural gas in Honduran maritime territory. The company aims to do so in an area adjacent to the place where BG Group has a concession to explore 35,000 square kilometers.
The oil company Chevron will make an offer to Honduran authorities regarding hydrocarbon exploration in the Atlantic in that country.
"Let's see what kind of proposal they bring at this opportunity. They have informed us that they have an interest in returning to Honduras to look at proposals on the development of oil projects," said Roberto Cardona, head of Natural Resources and the Environment (Serna) .
Honduras's government denies that it is negotiating with the transnational Chevron over a concession for oil exploration in the Caribbean Sea.
This was confirmed by the Minister of the Presidency, María Antonieta Guillén, after leaders of the College of Mechanical Electrical and Chemical Engineers, of Honduras (CIMEQH) denounced that negotiations were being made for the direct award of 38 thousand kilometers in the Caribbean Sea for oil exploration.
The oil company plans to invest between $40 and $50 million in increased storage capacity for liquefied petroleum gas, and improvements in the production and delivery of products.
This was stated by the company's general manager, Aristides Chiriatti, who also reported that preparations will start on September 1 for the distribution of ethanol, which represents about $10 million. He added that improvements will be made to the fueling system at its distribution center in Las Minas Bays, Colon province, reducing delivery times.
The plant located in Puerto Cortes, which had been seriously affected by the earthquake of 2009, now has capacity to store 71,000 barrels of fuel.
Among the works developed at the site was the restoration of 26 tanks with a capacity of 711,000 barrels of various petroleum products which are sold in Honduras. In addition, infrastructure was rebuilt in the administrative area, piping systems and fire protection system.
The multinational will improve the standards of its services in the former refinery Bahia Las Minas and the service stations under concession.
The legal representative of the company in Panama, Pedro Sigui, added that the company has already invested $20 million over the last two years, and hopes to invest another $50 million over the next three.
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Cummins Power Generation Inc. is a worldwide provider of electrical generators and power generation systems, components and services in standby power, distributed power generation, as well as auxiliary power in mobile applications to meet the needs of a diversified customer base.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (1-800) 888–6626