Mei 2008: Nieuwsflits Honduras

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Foreign petrol firms halt new investments

(Source: Reuters)

Oil companies that import gas and diesel into Honduras threatened to halt all new investments in the country if the government does not change a price scheme. Foreign firms, including ExxonMobil, Royal Dutch Shell and local distributor Dippsa reported that a price formula set up by the government in an effort to keep prices low for consumers has cost them millions of dollars in lost profits. Honduras, which produces no crude of its own and no longer has a refinery, sets the price to buy oil from importers using a formula that has not been revised since January 2007. But the government says the oil and gas companies have priced their services too high and the formula is a necessary measure.

Venezuela to export 30,000 tons of urea fertilizer to Honduras

The Government of Honduras is looking to receive its first imports from Venezuela under the PetroCaribe initiative. Under the agreement signed by both countries, Honduras will import 30,000 tons of fertilizers and at least 100 tractors from Venezuela.