Oil Exports Up 33% in Guatemala

Exports from January to October 2010 totaled $ 209.2 million up $ 51.4 million from the same period in 2009.

Tuesday, January 4, 2011

According to information from Banco de Guatemala (Banguat), until October 2010 the country had received $ 209.2 million, 33% higher than the $ 157.8 million over the same period in 2009.

"Although a growth in revenues has been observed, barrels shipped fell by 6.0%, or 224.000. Total shipments during this period were 3.5 million barrels, while last year it was 3.7 million." reports Joel Maldonado in his article at Sigloxxi.com.

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Guatemala could be supplied by Alba Petroleos

May 2011

The new fuel storage facility Alba Petróleos in El Salvador, is being seen as a new option by Guatemalan authorities.

Enrique Melendez, manager of the Guatemalan Association of Petrol Vending noted the possibility of importing petroleum products from the new plant in Acajutla, depending on the conditions of negotiation.

Guatemala Expects Record Exports

December 2010

In October, exports exceed $ 6.936 million, 15% higher than the $ 6.036 million of the same period in 2009.

According to calculations by Banco de Guatemala (Banguat) the total amount of exports in 2009 closed at $ 7.2 billion. The recovery in trade will allow a growth of 11.4% at the end of 2010.

Guatemalan Exports Show Slight Recovery

April 2010

In the first two months of 2010, exports increased 10.7% when compared to the same period of 2009.

Data from the Central Bank of Guatemala (Banguat) shows that this recovery was caused by improved sales in the country’s major export products: coffee, banana, sugar and cardamom.

Fuel prices in Guatemala do not reflect the drop in the price of oil

August 2008

International prices for a barrel of crude oil have dropped $31 in the last 30 days, but local fuel prices are still high.

According to statistics from the Ministry of Energy and Mining (MEM), the average price of a gallon of super gasoline is $4.8 (Q35.57), a reduction of only $0.11 (Q0.82) per gallon, compared to $4.91 (Q36.39) in July, when the price of oil hit record highs.

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