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Alba de Nicaragua S.A.

Company Detail

Description

Alba Petróleos de Nicaragua, S.A. (Albanisa) is a private entity which was set up in 2007 to manage investment funds Nicaragua receives through its membership in the Alianza Bolivariana para los Pueblos de Nuestra América (Alba) trade bloc. The company is currently developing the El Supremo Sueño de Bolívar industrial complex. The complex envisions an interoceanic oil pipeline, a refinery, a petrochemicals plant dubbed Victorias Tempranas and a storage plant. Albanisa is co-owned by Nicaraguan state petrol company Petróleos de Nicaragua (Petronic) (49%) and PDV Caribe (51%), a distribution subsidiary of Venezuelan state oil company PDVSA.

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