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Nicaragua Takes on Oil Internationals
The National Assembly Infrastructure and Public
Services Commission will subpoena international
oil companies operating in Nicaragua.
Current international companies operating in
Nicaragua are Esso, Texaco, Shell and the
state-run Petronic, currently leased to a
foreign company.
Liberal Eliseo Nunez, leader of the commission,
said the goal is to learn of their guidelines
establish gas prices, profit margin, viability
and distribution capacity.
Fuels climbed this week again, with special and
regular gasoline over one dollar and on the
Caribbean Coast even more from transportation
fees.
The Local Energy Institute, that acts as
regulator, admitted a few days ago that it is
powerless to establish price limits since they
respond to supply and demand.
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