IN BRIEF: Newcomer eyes Nicaragua hydrocarbons

Bnamericas Published: Monday, March 23, 2015
IN BRIEF: Newcomer eyes Nicaragua hydrocarbons

Nicaragua's government announced that state oil company Petronic signed a cooperation agreement with Jersey-based junior firm EastSiberian to study hydrocarbons exploration activity.

The companies will present documents to the energy and mines ministry to negotiate concession contracts, state news service El Pueblo Presidente reported.

Last year, lawmakers approved a bill to allow Petronic to have a 10% stake in future E&P concessions. Companies with exploration acreage in the country include Infinity Energy Resources and Noble Energy.

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