- Paying the bills -

Nicaragua Signs Agreements for Oil Exploitation With British

NICARAGUA NEWS (Prensa Latina) – Nicaragua’s petroleum company PETRONIC signed two agreements with British STATOIL, for the development of a study for exploration and exploitation of the area of the Pacific Ocean corresponding to the Nicaraguan national waters, local news media said here Thursday.

petronicPETRONIC president Franciasco Lopez said such agreements include a superficial recognition of the zone and the exploitation of the hydrocarbon potential there.

Jean-Philippe Rossi, vice president of Geoex International, specializing in geological and geophysical research company stressed the importance of contracts, considered the first step for the oil exploration of the Nicaraguan Pacific.

- payin the bills -

He also said his company will send a seismic research vessel to obtain a better understanding of the subsurface.

Related Articles

President of Iran suggests Ortega seek “integration” with other countries to “neutralize sanctions”

TODAY NICARAGUA (Confidencial) Before leaving Nicaragua to continue his tour of...

Daniel Ortega, Vladimir Putin’s “cheal parner” in Latin America

Q REPORTS (La Prensa) Nicaragua has proven to be more profitable...

MOST READ

- paying the bills -

Let's Keep This Going!

To be updated with all the latest news and information about Nicaragua and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.