Nicaraguan Insurer Disappointed With INS
Costa Rica to Join
Petrocaribe
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Prices Drop Tomorrow
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Minor Calvo
Could Be On Probation Come Monday
ICE, SUTEL
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Warns Customers Not To Lend Their Bank
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Low Salary And Short Term Is A Deterrent For
Many
Costa Rica to
Join Petrocaribe
Costa Rica is getting ready to join
Petrocaribe during the Petrocaribe summit to
be held next month, member of Costa Rican
Parliament Angel Rodriguez announced on
Wednesday.
In his role as Chair of the Energy and
Mining Committee, Rodriguez recalled that
formalities for Costa Rica to enter the
alliance started in September last year and
the country's authorities are currently
studying several scenarios to define the
crude supply quota to be assumed once the
country joins Petrocaribe, estimated at a
minimum of 20,000 barrels a day.
Costa Rica has a refinery with a daily
capacity to process 25,000 barrels of light
oil.
Immediate benefits of joining Petrocaribe
include payment in installments, which
allows the country to use funds previously
allocated to pay in cash to produce basic
grains, corn, beans and rice, as well as
give a boost to stockbreeding and small
businesses.
Petrocaribe is an oil alliance promoted by
the Bolivarian Government of Venezuela to
sell oil to Caribbean countries on
preferential terms. It was launched by
President Hugo Chavez in June 2005. |
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