Nicaragua: Over 3 Million Hectares for Potential Biofuel Production

A study by the ministry of Energy and Mines found that the country has over 3.2 million hectares suitable for biofuel production.

Thursday, June 24, 2010

Milton Fernández, coordinator of the study, explained that they also discovered that Nicaragua can produce biodiesel from fig, palm and jatropha, and ethanol from sugar cane, cassava and gourd.

“From the six tested crops, gourd seems to yield the most benefits: it is cheap to produce, it’s compatible with livestock breeding, and could play a large role in driving small farmers out of poverty”, said Fernández.

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Guatemala to Host Energy Fair 2011

November 2011

From 14 to 16 November, the fifth Central American Energy Fair will take place, with the theme "challenges and opportunities for boosting the region’s energy potential."

The event, which anticipates the participation of 80 to 100 companies, brings together businessmen and investors from the energy and oil sectors and, for the first time this year, the mining sector.

Guatemala's Oil Industry Enhanced by Pacific Rubiales

January 2011

The arrival of petroleum company Pacific Rubiales to Guatemala reaffirms the country's oil potential.

That is the opinion of Bob Szczuczko, general manager of Quetzal Energy, adding that the participation of a company as well known as Pacific, facilitated the decision to retain their properties in the country.

Honduras: Hydrocarbons Could be Regulated

July 2009

The government is preparing a law that will seek equal conditions for all the participants of the hydrocarbon market.

There are several instructions involved in the supply chain, situation that generates a sharp division between the different participants, according to Benjamín Bográn, minister at the Industry and Commerce Secretary (SIC, Spanish acronym).

Oil Royalties and Taxes Up 26%

December 2010

Between January and October collection from oil royalties in Guatemala increased by 26% compared to 2009.

According to the Superintendence of Tax Administration in the month of October this sector contributed $ 57 million.

An analyst at the Association for Research and Social Studies, Rubén Darío Narciso, told Sigloxxi.com that "The price factor could influence the increase in revenue.

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