Costa Rica negotiates terms for joining PetrocaribeFriday, September 26, 2008 By joining the energy accord known as Petrocaribe, the country would be buying more than 20,000 barrels of petroleum per day from Venezuela. The increase in the purchase of crude oil will depend greatly on the expansion of the credit and payment terms by Venezuela before negotiations are concluded. This request should be sent in the next few days in an official note to Venezuela. Nicaragua and Venezuela Reactivate Oil Refinery ProjectThursday, April 15, 2010 The presidents of both countries agreed to reactivate a project to build a refinery in the northwestern region of Nicaragua. The project was conceived back in 2007, at an estimated cost of $4 billion. Costa Rica accelerates its entry to PetrocaribeWednesday, July 30, 2008 The Costa Rican government will try to negotiate a temporary deal, while the formal negotiations are completed. The objective is that Venezuela starts selling fuel at low prices right now, stated Roberto Dobles, minister of Ambient and Energy. Costa Rica and Panama Join PetrocaribeWednesday, May 20, 2009 The acceptance of both countries in the energy cooperation agreement would be on the agenda of the upcoming Petrocaribe summit. This was announced by the chairman of Energy and Mines of the National Assembly of Venezuela, Angel Rodríguez. Oil, Politics, and RealismWednesday, July 5, 2017 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 Construction of refinery in Nicaragua fadesTuesday, December 2, 2008 After the Venezuelan president placed the cornerstone and there were some movements of dirt, the project seems to have been abandoned. The $250 million that Venezuela supposedly approved at the end of last year to start the first phase of the project at Piedras Blancas in the municipality of Nagarote, appears to be literally a "dream", despite the fact that officials from the governments of Nicaragua and Venezuela had announced with fanfare that the project, known as "the Supreme Dream of Bolivar", would be completed in four years, starting in January 2008. Nicaragua: Law to Build RefineryThursday, September 20, 2012 The National Assembly has approved a $ 6.5 billion project that includes a refinery and an interoceanic pipeline. Investors are assumed to be the government of Venezuela "and other partners" in a project that has no definite dates for implementation and which aims to supply 40% of the consumption of refined fuels from the Central region. Honduran Agricultural Products for Venezuelan OilMonday, June 3, 2013 Beef and chicken, eggs, orange juice concentrate, palm oil, beans, coffee and corn flour, are the products that Honduras will export to Venezuela as payment for the oil it will receive from the country. Honduras will export about $60 million worth of agricultural products per month to Venezuela as payment for the oil received from that nation through the Petrocaribe agreement. Will There Be Venezuelan Oil for Nicaragua?Monday, December 16, 2013 The IMF has warned of the risk posed to the economy by the uncertainty of the fuel supply agreement with Venezuela. During their visit to Nicaragua in early December, a team from the International Monetary Fund (IMF) gave a series of warnings over the energy agreement which the country has with Venezuela. Negotiations remain stalled between Guatemala and PetrocaribeFriday, June 6, 2008 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. Four Companies Interested in Honduran OilMonday, March 30, 2009 Chevron, Pemex, Petrobras and PDVSA would be interested in exploring and exploiting oil in Honduras. Tomás Vaquero, Minister of Natural Resources and Environment of Honduras, said 8,000 square klilometers are being explored in the Caribbean to see if there is oil and whether it is feasible to extract it. Petrobras in talks to seek oil in GuatemalaTuesday, June 3, 2008 Brazilian state oil company Petrobras is to hold talks with Guatemalan authorities with a view to studying the drilling potential of the Guatemalan Pacific. Guatemala is also considering a move to join the Petrocaribe initiative under which Venezuela supplies oil at subsidized prices to the Caribbean, Nicaragua and Surinam. Panama Requests Admission to PetrocaribeWednesday, March 4, 2009 Venezuelan President Hugo Chávez accepted the application presented by President Martín Torrijos on behalf of Panama for admission to Petrocaribe. Neir Carrasco wrote in an article in Laestrella.com.pa: "To do this, Panama has to comply with the requirements established by Petrocaribe; admission will then be consummated. Torrijos and Chavez confirmed the intention which according to the Panamanian president 'means having great possibilities opened for outlining agreements and finding ways for the two countries to have closer ties so they can look for integration mechanisms.’" Guatemala formalizes a deal with PetrocaribeFriday, July 4, 2008 Guatemala President Alvaro Colom announded that his government will soon finish the process of signing a deal with Petrocaribe, which requires ratifaction from Congress. On July 13, Colom will go to Venezuela to take part in the Petrocaribe Summit and will sign the agreement that allows Guatemala to "enjoy the benefits that this initiative offers," he said. El Salvador: Alba Petróleos and PoliticsThursday, February 21, 2013 The firm Alba Petróleos is owned in 40% by municipalities governed by President Funes' Party, and in 60% by PDV Caribe, a subsidiary of PDVSA of Venezuela. An article by Juan Valiente points to the economic growth of Alba Petróleos and the use such growth in El Salvador as a political instrument subordinated to the will of a foreign power. |
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