President Mauricio Funes admitted the possibility that El Salvador will enter into an oil agreement with Venezuela and Caribbean nations in order to purchase fuel under more favourable payment terms.
At the same time as making a statement on these issues, Funes said that in principle, he is not think about joining the Alba, an international association of a political nature whose true head is the President Hugo Chavez.
Venezuela has rejected the proposals offered by Guatemala for working within Petrocaribe.
Guatemala's Minister of Energy and Mines, Carlos Meany, told local news media that the Venezuelan Government did not accept the proposal under which they would provide 30,000 barrels of oil per day to Guatemala to cover 40 percent of local consumption.
A delegation from Venezuela is expected to visit Guatemala in the coming weeks.
During last week's visit to Caracas of Finance Minister Haroldo Rodas and Energy and Mines Minister Carlos Meany, it was hoped that there would be progress in the negotiations for the nation to take part in the Petrocaribe program. However, Meany said that little was accomplished.
The Central American Business Council is a London-based organisation which is working to increase significantly the current levels of trade and investment between the UK and Central America.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Central America and Dominican Republic
Phone: (0044) 207 583 8739
PRONicaragua, is the Nicaraguan Investment Promotion Agency, established in 2002. We are a non-profit, public-private institution whose mission is to generate economic growth and job creation in Nicaragua by attracting high-quality foreign direct investment. The Agency provides complimentary support services to qualified investors seeking investment opportunities in our country.
Operates in Nicaragua
Phone: (505) 2270 6400
San Miguel Industrial Park is the only park that owns a construction and consulting company. We offer the Free Zone location with the perfect building to suit your manufacturing needs. Our flexible layouts allow an easy future growth. Because of this fact we can offer exactly what our clients need at a very competitive price. Clients can own a building or they can enter a lease agreement. Because of this flexibility many world known companies have chosen to work with us. We are licensed to build in Honduras providing the best free zone laws in the industry maximizing profitability.
Operates in Honduras and Honduras
Phone: (504) 2556-7373 - (504) 94510322