Nicaragua, Vietnam Ink Oil Deal
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Nicaragua, Vietnam Ink Oil Deal
Managua - Vietnam will beging prospecting for oil in Nicaragua
within four week, according to an agreement
signed here between both countries´
state-run companies.
The agreement was signed Monday night in
Managua by a PetroVietnam delegation, headed
by Dinh La Thang, and Francisco Lopez,
president of the state-owned company
Petronic.
Lopez announced oil technology transference
between both countries will immediately
begin, to complement works being done at the
oil refinery under construction in Nicaragua
with the support of Venezuela.
The refinery is part of the agreements
signed by Nicaragua under the Bolivarian
Alternative for the Peoples of Our America
(ALBA), which is also backed by Cuba,
Bolivia, Honduras and Dominica.
Nicaraguan President Daniel Ortega attended
the signing ceremony between PetroVietnam
and Petronic. |