The amended law authorizes Empresa Nicaragüense de Petróleo (Petronic) to represent the State in the exploration and exploitation of oil and "... make 'associations and partnerships with companies who come to explore and exploit hydrocarbons.'"

Opposition Deputy Victor Hugo Tinoco told Laprensa.com.ni that "... 'this does not inspire us with confidence, Petronic smells of corruption, we would prefer it if it were an entity created where parliament can make an audit, as mandated by the Constitution '. The partnership between Empresa Nicaragüense de Petróleo (Petronic) y Alba de Nicaragua SA (Albanisa) presumes that the latter will have an impact on the exploration and exploitation of oil fields."

Source: laprensa.com.ni

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