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Wednesday 25 March 2009, San José, Costa Rica  Home Contact Us Subscribe To Our Newsletter
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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.

 
 
 
 

 

 

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