The union of exporters of bovine meat reports that since the end of September orders from the South American country have halted, falling practically to zero.
Albalinisa has been accused of apparently having more rights than others in using services at the port.
Business owners are complaining that "... 'Albalinisa always has priority, and drivers or carriers, even though they have their documentation ready, have to wait until they process the cargo of that company first', explained Marvin Altamirano, president of the Shipping Association of Nicaragua to Trincheraonline.com.
The construction of the refinery El Supremo Sueño de Bolívar in Miramar, remains paralyzed as the government seeks funds to finance the second phase, the refinement complex.
At the moment, only the storage and distribution complex has been finished, works which were funded by Venezuela, but according to the agreement signed "... When oil is at $50, only 40% of that price is given in financing to the beneficiary country." Because of this, the government is seeking foreign funding for a second phase, but international conditions are not the best for resources for a project that "... does not seem to be profitable."
Even though in five years the refinery El Supremo Sueño de Bolivar in Nicaragua has received $233 million, no progress has been made in its construction.
Data from the Central Bank of Nicaragua (BCN by its initials in Spanish), reveals that last year $141.2 million was injected into the refinery, however, progress of the investment so far is invisible.
The Ministry of Transportation and Infrastructure in Nicaragua is calling for bids for the renovation and improvement of the road from Nejapa to Puerto Sandino.
While presidential advisor Bayardo Arce announced that the Spanish company has already sold its shares in the distributor Disnorte-Dissur, an industry spokesman has denied it.
Bayardo Arce Castano, economic adviser to the president of Nicaragua, announced yesterday that Gas Natural Fenosa had closed the sale of an 84% stake in Disnorte-Dissur-the remaining 16% belonging to the Nicaraguan state-without disclosing the buyer or the figures in the agreement.
The crisis of the distributor Gas Natural could lead to Albanisa’s entry into the business, controlled by pro-government interests.
Laprensa.com.ni reports that "the Minister of Energy and Mines, Emilio Rappaccioli, announced that they are close to reaching an agreement in the negotiations which the government and the power distribution company, Natural Gas have been holding over the last few months."
The National Assembly has approved a $ 6.5 billion project that includes a refinery and an interoceanic pipeline.
Investors are assumed to be the government of Venezuela "and other partners" in a project that has no definite dates for implementation and which aims to supply 40% of the consumption of refined fuels from the Central region.
The company Albanisa S.A. exported crude Venezuelan oil and derivative products to El Salvador worth a total of $204 million in 2011, at an average price of $102 a barrel.
The data has been provided from an investigation by the newspaper La Prensa of Nicaragua citing data from the Analysis Unit of the Directorate General of Hydrocarbons at the Ministry of Economy in El Salvador.
CAMC Engineering, from Mainland China, is the counterpart of a $233 million contract to build the basic storage infrastructure and the pipeline network.
The Chinese group CAMC Engineering Co., Ltd. (CAMCE) signed a memorandum of understanding for a joint venture with Alba de Nicaragua SA (Albanisa) – a Venezuelan oil importing company, to build the first phase of a refinery in Nicaragua, which will be called " El Supremo Sueño de Bolívar” (The Supreme Dream of Bolivar).
The president of the company Alba de Nicaragua S.A., has announced that by the end of the year contracts will be signed for the construction of the first phase of the project.
The project in Nicaragua, which has been delayed for years, will provide capacity to process about 150,000 barrels a day, said Rafael Ramírez, Minister of Energy and Petroleum of Venezuela during the Petrocaribe VII Ministerial Council held in Managua, Nicaragua.
Satisfied with the current export trend to Venezuela, Nicaraguan business associations want to safeguard them using a formal trade agreement.
Employers believe a treaty for trade relations, which represented $248 million to Nicaragua in 2010, is necessary for stability and independence from political aspects.
They argue that they must ensure there is enough cattle before building new slaughterhouses.
Representatives from the cattle industry responded to Albalinisa’s proposal of building two new slaughterhouses explaining that the focus must be first set on solving some of the issues which limit the sector’s productivity.
Due to increase in meat exports, the Government believes the country needs at least two new slaughterhouses.
Alba Foods de Nicaragua SA (Albanisa) informed the two plants would be built beginning next year due to the inability of the private sector to meet the growing demand.
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