Costa Rica
Expands List of Oil Suppliers
Costa
Rica has decided to reduce it's
dependency on crude oil from
Venezuela due to political
problems that nation has been
experiencing the last years.
Although
Venezuela continues to be the
single most supplier of
combustible products, other
nations and private companies
are taking a larger role in the
country's purchase of the
product.
In 2001, 55% of all petroleum
products imported by the the
Refinadora Costarricense de
Petróleo (Recope) was purchased
from Petróleos de Venezuela, S.
A. (PDVSA).
This year alone 9.6 million
barrels of oil were purchased
during the period of January and
July of this year, however, only
31.82% were supplied by the
Venezuelans.
The United States, Brazil and
Colombia are increasingly
filling the gap in the supply of
petroleum products to Costa
Rica.
This increase was due to several
major events that stopped the
flow of oil from Venezuela - in
November 2002 and February 2003,
a strike at PDVSA dropped the
oil flow by 30% and in January
and February of this year,
Venezuela sold no combustible
products.
In addition, the management at
Recope has evaluated the
possibility of a major shortage
of oil in Costa Rica, if it
continues depending solely on
one country.
The United States, Brazil and
Colombia have been making up the
difference in the last year. In
the 2001 and 2002 period Brazil
and Colombia supplied no oil,
however, in 2003, Brazil wass
fifth on the list of suppliers
and this year, along with
Colombia, provided 10.86% of the
oil products.
The United Kingdom, France and
Holland have been supplying
Costa Rica with petroleum,
however, the lower cost of
import from places close by like
Brazil and Colombia make it
economically more viable for
Costa Rica.
Last year, Costa Rica purchased
$526 million dollars of crude
oil. This year it has purchased
$339 million dollars to date, a
26% increase over the same
period last year, which is
mainly to the higher cost of the
product.
Recope in Costa Rica is a state
owned company that purchases
crude oil and then refines it
into gasoline products for
consumption in Costa Rica.
Recope is the only supplier of
gasoline in Costa Rica; gasoline
retailers having to buy from
Recope, which also sets the
retail price for each liter of
gasoline sold.
The current price for a liter of
gasoline is ¢312.5 colones per
litre for regular and ¢326
colones per litre for super. A
price increase has been
submitted by Recope to the
regulating authority, which is
expected to increase the price
of a litre of gasoline by ¢22
colones.
UBC Student
Drowns in Costa Rica
A 19-year-old University of
British Colombia, Canada (UBS)
student who once dreamed of
being a synchronized swimmer in
the Olympics has drowned in a
river-rafting accident in Costa
Rica.
Christina Dennett was part of a
group of student volunteers on
the last day of a three-day
camping and rafting trip on the
Pacuare River at a well-known
whitewater spot near the town of
Siquirres.
The former provincial-level
swimmer was pinned under rocks
and couldn't swim against the
current, a trip organizer said.
Dennett was in Costa Rica with
International Student
Volunteers, a Los Angeles-based
organization that combines
educational, cultural and
adventure programs worldwide for
students.
The tragedy came three days
after the students had completed
a two-week community-service
project. They had just begun the
recreational portion of their
month-long trip.
Rafael Galo, owner of Rios
Tropicales whitewater-rafting
company, said Thursday that six
boats, including Dennett's, were
in the water when the accident
occurred at about 1 p.m. at a
well-known spot named el Rapido
de los Indios on the river.
He said Dennett's raft had
already traversed the toughest
parts of the river when it hit
rocks, dumping all eight
passengers into the
40-metre-wide waterway, which
was shallower than normal.
The other students quickly swam
to the safety of boats in the
area, but Dennett was unable to
swim against a rapid current
which pinned her under rocks a
metre below the surface.
"The force of the water got her
in a funnel. It was like going
through a funnel and not being
able to fit," Galo said. "She
fell in the wrong place at the
wrong time."
Unable to swim to Dennett,
guides clung to ropes while they
tried to reach her. By the time
four of them hauled her out, she
had already drowned.
Her body was taken by boat to
police waiting at the takeout
point at the town of Siquirres.
Ticos Excel in Technology
Cisco Systems highlighted Costa
Rica for its performance in
technology and is betting on
maintaining its investment in
Latin America, by confirming the
meaning and need that for the
region has the modernization of
information technologies.
Cisco's Americas International
president Keith Goodwin pointed
out that all of the residents in
Costa Rica will be plugged to
the Internet in the short term.
He added that it is a fact that
businessmen, the government, and
educational institutions in this
Central American nation are
fully aware of the fact that
technology is the best answer to
increase productivity in a world
featuring strong competition.
Favourite Destination
The
Spanish traveler, considered the
one that consumes the most and
spends the most among European
tourists, has Costa Rica as his
favorite destination, 40 percent
of those who came to Central
America visited it.
Costa Rica was also the favorite
destination for all Europeans,
since it attracted 34 percent of
those visiting Central America.
The data were disclosed by
tourist sector sources, who
assert that this year Central
America will break the 5-million
tourist barrier.
U.S. Latino
Leaders Not United on CAFTA
By
EVELYN IRITANI, Los Angeles
Times
An emotional battle is brewing
in the U.S. Latino community
over whether a proposed free
trade agreement with five
Central American nations and the
Dominican Republic will bring
greater prosperity or despair to
the immigrants who have settled
in the United States and the
relatives they've left behind.
The Central American Free Trade
Agreement would drastically
lower tariffs on U.S. farm
products, consumer goods and
services sold in that region and
make it easier for those
countries to export their
products, including sugar and
apparel, to the United States.
CAFTA, must still be ratified by
the U.S. Congress and the
governments of Costa Rica, El
Salvador, Guatemala, Honduras,
Nicaragua and the Dominican
Republic.
Yet many prominent Latino
organizations — including the
League of United Latin American
Citizens; the Salvadoran
American National Network, and
the Central American Resource
Center — oppose CAFTA. They have
argued that it would hasten the
outsourcing of U.S. jobs and
encourage the exploitation of
poor Central American workers
and the environment.
The tensions over CAFTA are
reminiscent of the impassioned
debate that divided the
Mexican-American community a
decade ago when the Clinton
administration pushed through
the North American Free Trade
Agreement with Mexico and
Canada.
Those divisions were on full
display recently when CAFTA
supporters held a conference for
Latino business leaders in Los
Angeles featuring El Salvador's
president, Tony Saca, and the
ambassadors of El Salvador and
Nicaragua.
While Saca accused CAFTA's
critics of turning a
job-creating trade pact into a
"political piñata," Rep. Xavier
Becerra, D-Calif., told the
crowd that he "believed in a
CAFTA but not this CAFTA"
because the protections for
workers were not as strong as
for products and intellectual
property.
"I learned from NAFTA that good
intentions are no substitute for
enforceability of rules," said
Becerra, a lawyer who supported
NAFTA's passage.
Latino business leaders such as
Mauricio Fux, senior vice
president at Los Angeles-based
La Curacao, defended the trade
pact. They said it would help
the struggling economies of
Central America compete against
China and reduce shipping costs
and other barriers that have
prevented Latino entrepreneurs
from exploiting opportunities
back home.
"By lowering the duty rates on
both sides, it will give us more
confidence in investing in those
regions," said Fux, whose
company operates several large
department stores in Southern
California, exports goods
throughout Latin America and
owns the U.S. franchise for the
popular Guatemalan restaurant
Pollo Campero.
The split in the Latino
community further complicates
the prospects for CAFTA, which
has been signed by President
Bush but is opposed by
Democratic challenger Sen. John
Kerry and labor groups. Kerry
has said he would not approve
CAFTA unless it was revised to
include stronger protections for
workers and the environment.
The Congressional Hispanic
Caucus hasn't taken an official
position on CAFTA because its 20
Democratic members have been
unable to reach a consensus.
Reps. Hilda Solis, D-Calif., and
Raul Grijalva, D-Ariz., have
joined Becerra in opposing the
agreement, and no caucus member
has publicly supported the
measure, according to Maria
Meier, executive director of the
caucus.
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