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Volume 17, Number 11
October 24, 2011
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economy

Also in this section:
Anton beach land grab scandal reaches into Martinelli's inner circle
Local forex trading scam victims win partial victory in a Canadian court
Italy's foreign minister denies what photos show, more questions raised about aid to Panama
Santo Tomas doctors walk out, others may join them
Changes in the regional oil market
NAFTA starves Mexico
Crisis reaches far beyond the European Union
CEPAL, FAO call for region to close technology gaps and increase food production
Chinese investments boost Brazil's rise as a regional power
International climate change negotiations in Panama
Latin American conference on marine energy
Free trade is not so free
Tax printers: a big expense for many small businesses

National, regional companies break into Central American oil market
by the Economic Commission for Latin America and the Caribbean

In 2010, crude oil and petroleum product imports in Central America reached 112.6 million barrels: 14.8 million barrels of crude oil and 97.8 million barrels of petroleum products.

The invoice for these imports rose to $9.321 billion, a figure which represents 16.1 percent of the value for the exports of goods and services in the region, according to the report Central America: Hydrocarbon Statistics, 2010, released on October 20 by the Economic Commission for Latin America and the Caribbean (CEPAL) Subregional Headquarters in Mexico.

More than a third of hydrocarbons came from ports located in the United States of America. Venezuela's share notably fell, with its supplies representing 14 percent of the total volume imported. It was followed by Ecuador with a share of 6.1 percent and Colombia with 4 percent, while the remaining 41 percent related to imports from 30 countries.

The emergence of two Central American petroleum companies --- the Honduran company, Terra, and the Panamanian company, Delta --- the strengthening of Alba Petroleos in El Salvador and Nicaragua and the fall in the share of the most important transnational companies are the most notorious events and trends in the Central American petroleum market.

Terra and Delta recently acquired the assets of the multinational company Shell. The former petroleum company has also made incursions into other energy subsectors: in August 2010 it inaugurated an important hydropower station in Guatemala.

In retail distribution, the region recorded 3,120 service stations in December 2010, a figure which shows a possible saturation in some countries. The number of stations has remained almost constant at national level, except for in Costa Rica and Nicaragua, where an increase was recorded.

In 2010, the average annual sales per station, in thousands of barrels per year, were 30.3 in Costa Rica, 21.3 in Panama, 18.3 in Honduras, 14.6 in El Salvador, 12.6 in Nicaragua, and 10.7 in Guatemala.

The CEPAL report is divided into five groups of statistical tables with up-to-date information for 2010 on the petroleum industry in Central American countries.

First, it outlines the price of hydrocarbon imports and the domestic prices of petroleum products. Then it presents oil and petroleum product balances, the figures for domestic consumption of petroleum products, the origin of imports and the storage capacity and the market structures, among other information.









Also in this section:

Anton beach land grab scandal reaches into Martinelli's inner circle
Local forex trading scam victims win partial victory in a Canadian court
Italy's foreign minister denies what photos show, more questions raised about aid to Panama
Santo Tomas doctors walk out, others may join them
Changes in the regional oil market
NAFTA starves Mexico
Crisis reaches far beyond the European Union
CEPAL, FAO call for region to close technology gaps and increase food production
Chinese investments boost Brazil's rise as a regional power
International climate change negotiations in Panama
Latin American conference on marine energy
Free trade is not so free
Tax printers: a big expense for many small businesses

News | Economy | Culture | Opinion | Lifestyle | Nature
Noticias | Opiniones | Alternativa con Miguel Antonio Bernal
Archive | Unclassified Ads | Home



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