One Company Interested in Operating Oil Pipeline

Perenco Guatemala, the current operator of the pipeline, was the only bidder in the tender to obtain the concession for the operation and administration of the Hydrocarbons Transportation Stationary System.

Tuesday, June 26, 2018

The contract to operate the system includes a 425 kilometer pipeline, five pumping stations and the Piedras Negras export terminal, in Puerto Santo Tomás de Castilla, and the model of the contract to operate and manage it will be for a maximum of 25 years, with an option to extend.

In relation to the decision to participate in the tender, Gregoire de Courcelles, manager of Perenco Guatemala, explained to Elperiodico.com.gt that " ... the company appreciated the successful experience it has had in the country and with the communities in the area [when deciding] to present the offer. "

For his part, Julio Salvador Contreras, vice minister of Mining and Hydrocarbons, said that " ... Now it is up to the Qualifying Board to review if the offer presented by Perenco Guatemala meets the requirements so that it can be favored with the award of the new contract. If not, the current contract could be extended until the contract is awarded in a tender."

See details of the tender.

More on this topic

Uncertainty in Guatemala Over Oil

January 2016

The decline in international oil prices is already affecting companies that exploit the resource in the country, meanwhile, contracts awarded in 2014 have not yet been signed.

Authorities at the Ministry of Energy and Mines (MEM) and the companies that received concessions to explore and exploit oil in the country predict a significant decline in investment in the sector this year, due to the downward trend in oil prices in the international market. This year it is expected that three contracts that were awarded in 2014 will be signed, and also "... the possibility of an oil tender has arisen, for which several blocks in Alta Verapaz and Peten have been earmarked."

The Oil Route: Venezuela - Nicaragua - El Salvador

December 2012

Up to November Nicaragua exported 56.7 million kilos of crude oil to El Salvador, at a price of $34.1 million.

Writing about the topic in his article in Elsalvador.com, Ivan Olivares says:

"It's strange that Nicaragua would export oil, seeing as the country does not produce it, suggesting that someone in El Salvador is paying higher prices for it than could be obtain in the international market, if you take into account that Venezuela, the main supplier of hydrocarbons to Nicaragua, sells its product at prices much higher than those of the Gulf of Mexico, which serve as reference for the Americas.

Guatemala: Oil Imports Up 39%

August 2011

In the first 6 months of 2011, the country imported $1.563 billion in oil, 39% more than in the same period in 2010.

According to data from the Ministry of Energy and Mines (MEM) in the same months in 2010 the country spent $1.123 million in this area.

The import of of petroleum products so far in 2011 is equivalent to $8.5 million per day.

Guatemala: Oil Revenues Increase by 61%

August 2011

In the first quarter of 2011 the country received $133.91 million from the sale of oil, 61% more than in the same period in 2010.

In terms of volume, Guatemala sold 1.41 million barrels during the period, 5.2% more than in the same months last year.

César Corado, director of hydrocarbons, said the change is due to international prices of crude oil and the fact that they negotiated a better contract, "before it was with Maya crude oil and now we use Mars Louisiana."

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