Latin America hydrocarbons roundup

By
Tuesday, February 16, 2016

Ecuador's strategic sectors minister Rafael Poveda, deputy hydrocarbons minister Andrés Miño and Petroecuador manager Alex Bravo supervised technical testing of the pumping system of the Pascuales-Cuenca multipurpose pipeline project.

The initial Pascuales-El Tambo stretch of the US$578mn, 210km pipeline is scheduled to begin operations by month-end and the second El Tambo-Chaullabamba stretch by mid-year.

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Paraguay's deputy mines and energy minister Mauricio Bejarano Martí met with Argentine province Corrientes' energy secretary Eduardo Melano to discuss the possible participation of Paraguay in Argentina's GNEA northeast gas pipeline project.

(CREDIT: Corrientes provincial government.)

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In Costa Rica, public services regulator Aresep announced a "historic" fuel price reduction proposal due to the drop of international oil prices.

Car owners that use regular gasoline and have a 40l tank would pay 16,960 colones (US$32) to fill up versus the current 21,560 colones, while consumers that use gas would pay 5,988 colones for a 25lb cylinder versus the current 6,407 colones.

The country's state refiner Recope reported a record sale of jet fuel at the Daniel Oduber Quirós international airport on February 13, when 407,000l were delivered to 35 planes, compared with an average of 200,000l.

Recope recently announced plans for new fuel storage at the airport in Liberia, Guanacaste province.

Recope fuel depot at Daniel Oduber Quirós airport (CREDIT: Recope)

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UPCOMING BNAMERICAS EVENTS

5TH Mexico Infrastructure Summit

Click here to see the agenda and speakers

4TH Mexico Oil&Gas Summit

Click here to see the agenda and speakers