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.
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'. "
The construction of the fuel storage plant, located in the city of Acajutla, will be completed by July of 2010.
The company Monelca, S.A. de CV., which is responsible for the construction of the Alba Petróleos plant in El Salvador, said that it will have a storage capacity of 350,000 barrels of fuel: diesel and gasoline (regular, super, and aviation fuel) as well as about 5,000 barrels of liquefied petrol gas.
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