Alba Enters Supermarket Business in El Salvador

Three stores are part of proposed investment of $40 million, which also includes agricultural production and materials for farming basic grains.

Tuesday, September 24, 2013

The first sales area for Alba Supermarkets will open in two months and will be located in an annex of the gas station in the town of Quelepa, San Miguel. There "... the company will sell basic grain produce along with groceries, meat and staples of various domestic and foreign brands at different prices", reported Elsalvador.com.

According to the vice president of Alba Foods, Luz Estrella Rodríguez, these plans are part of an overall investment project $40 million, which also includes agricultural production and materials for maize, beans and rice. However, the official did not say how much investment would be specific to each of the sales areas.

At the moment construction is taking place of one of these establishments in the city of Chalchuapa, department of Santa Ana, also in an Alba gas station. "The supermarket project is moving forward step by step because our aim is to take advantage of the positioning of Alba service stations , which now cover between 20% and 30% of the domestic fuel market," added Rodriguez.



More on this topic

No Resonse to Complaints Against Alba Petróleos

July 2013

The Superintendency of Competition in El Salvador has not yet ruled on the complaints raised by the National Association of Private Enterprise for alleged anticompetitive practices.

Five months after the National Association of Private Enterprise (ANEP by its initials in Spanish) requested an investigation, it is "still awaiting a response from the Superintendency of Competition and is urging the Government of the Republic to enforce the law on equal terms and force the fulfilment of requirements under which ALBA businesses operate in El Salvador", published Elsalvador.com.

Complaints About Alba Petróleos in El Salvador

February 2013

The company owned by Venezuela's Petrocaribe and corporate structures of FMLN is being accused by private entrepreneurs of illegal activities.

Laprensagrafica.com reports that "The accusations between leaders of the Farabundo Marti National Liberation Front (FMLN by its initials in Spanish) and directors of the National Association of Private Enterprise (ANEP by its initials in Spanish) ended up again yesterday at the offices of the Attorney General of the Republic. This time it was the executive director of the business association, Arnoldo Jimenez, who was present at the fiscal office to present a notice requesting the prosecution to investigate the company Alba Petróleos. "

Corruption Charges Against Alba Petróleos

January 2013

The National Association of Private Enterprise in El Salvador has declared that "money laundering is enabling Alba Petróleos to dabble in various production and commercial activities in the country."

According to an article in Elsalvador.com "The Executive Director of the ANEP, Arnoldo Jimenez said that this development ‘is part of a whole scheme of money laundering, diversion of funds and corruption that exists behind Alba ', referring to 'how Alba and el Frente (FMLN) are gaining economic control through political power'. "

Alba Petroleum Storage Facility to Open in May

January 2010

The fuel storage facility, located in the municipality of Acajutla, El Salvador, will be capable of storing 350.000 barrels.

Construction of the seven storage tanks began on February 2008, and is scheduled to finish on May 2010.

" ... the mixed public-private company [Alba Petróleos] now rents storage tanks for unloading Venezuelan oil.

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