The Mexican state oil company PEMEX has announced investments of $1,4 billion in pipeline for natural gas, propane gas and gasoline, and logistics and port facilities in the Isthmus of Tehuantepec, 200 km from the border with Guatemala.
From a statement issued by PEMEX:
Pemex presents its Marketing Strategy for the Transístmico Energy Corridor
Will the fuel be included in the state fuel monopoly run by the Costa Rican Oil Refinery?
While all around the world the importance of natural gas as an energy source is growing, the Costa Rica state agency Costa Rican Oil Refinery (RECOPE), which holds a monopoly on crude oil and its derivatives, is preparing its infrastructure for the self-imposed role of sole importer and wholesale distributor of the fuel.
The Supreme Court has admitted an appeal against a government decree that prevented oil exploitation concessions for 3 years; Mallon Oil may be able to force the government to sign the contract.
The Sala IV, Costa Rica’s Supreme Court, suspended president Laura Chinchilla’s decree, which prevented the exploitation of hydrocarbons and the granting of permits for three years, until a constitutional complaint made by the Association of Geologists is resolved.
The Constitutional Court has dismissed an appeal brought by the oil company Mallon Oil which requested its contract for oil and gas exploration be signed.
In its ruling, the Constitutional Court informed Mallon Oil that the process they must follow is to make its request via a contentious trial.
"Meanwhile, the National Environmental Technical Secretariat (SETENA) dismissed the appeal for reversal that Mallon Oil filed last July against a resolution asking them to specify in which sites they would initiate the exploration and exploitation of hydrocarbons ", reported Nacion.com.
Mallon Oil Company has filed an appeal in an attempt to get a contract signed for the exploitation of oil and natural gas.
In the appeal to the Constitutional Court, the company is demanding that the Ministry of Environment, Energy and Telecommunications (Minaet) sign the contract for oil and natural gas exploitation in the south, having one a concession for it in a competitive tender eleven years ago.