No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveEsso, Gov’t Settle Dispute, Gas Rationing Continues

Esso, Gov’t Settle Dispute, Gas Rationing Continues

MANAGUA – The government and Esso Standard Oil signed an agreement Sept. 13 settling a nearly month-long dispute over Customs duties that led a judge to embargo some of the U.S. oil company’s assets in Nicaragua.

The accord was drawn up in the Pacific port city of Corinto by Esso executive Gabriel Cedeño and the head of Nicaraguan state oil company Petronic, Rodolfo Zapata.

Part of the pact calls for Esso, a subsidiary of U.S. oil giant ExxonMobil Corp., to lease fuel tanks in Corinto to Petronic when the state-owned firm requires extra capacity to handle shipments of oil from Venezuela, whose leftist government supplies crude to Nicaragua and other nations in the region on generous terms.

At the same time, the agreement returns to Esso’s control seven storage tanks that were seized Aug. 17 at the request of Nicaragua’s Customs service, which alleged that the U.S. firm owed some $2.9 million in unpaid Customs duties.

The Corinto industrial complex, where the storage tanks are located, is to be managed jointly by Esso and Petronic.

Esso’s spokesman in Managua, Gerardo Gonzalez, told reporters that his firm and Petronic will share responsibility for safety and security around the Corinto storage tanks until at least the end of this year.

The accord makes no mention of the original dispute over Customs duties, providing fodder to those who argued the original dispute never had anything to do with taxes in the first place (NT, Aug. 31).

The signing coincided with the arrival in Corinto from Venezuela of the tanker Caribbean Unity, carrying 100,000 barrels of diesel and 20,000 gallons of gasoline.

Despite the apparent settlement, the national press reported over the weekend that many of the Esso, Shell and Texaco gas stations in downtown Managua and in the surrounding departments are still without regular and super gasoline. Some people, including Vice-President Jaime Morales Carazo, are blaming the gas shortage on Esso as a tit for tat payback for the embargo last month.

 

Trending Now

Costa Rica’s Route 32 Reopens After Landslide Cleanup

Update, Friday, August 7: Route 32 is open again. You can drive between the Central Valley and Limón normally. The detours below are no...

Guatemala’s Fuego Volcano Eruption Forces 1,700 Evacuations

A powerful eruption of Guatemala’s Fuego Volcano has forced authorities to evacuate at least 1,700 residents from areas near the crater and declare the...

Costa Rica Police Report Links 116 Officers to Criminal Groups

A confidential police intelligence report has flagged 116 Fuerza Pública officers stationed along Costa Rica's southern border, describing alleged collaboration with drug trafficking, liquor...

Forbes Highlights Costa Rica Oxcart Painting Experience

A hands-on workshop that allows visitors to create their own version of Costa Rica’s traditional painted oxcart designs has earned international attention as travelers...

Costa Rica Offers Panama Two-Part Plan to End Trade Block

Costa Rica has presented Panama with a two-part proposal aimed at ending a seven-year agricultural trade dispute that has blocked meat, dairy products, fruit...

Costa Rica’s Pacific Faces Drought as Caribbean Rainfall Soars

Costa Rica ended July with two sharply different weather realities: unusually dry conditions across much of the Pacific and Central Valley, and exceptionally heavy...

Costa Rica Builds One of Central America’s Longest Four-Lane Bridges

Construction is continuing on a 308-meter (1,010-foot) bridge that Costa Rican officials say will become one of the longest four-lane bridges in Central America....

Costa Rica Beats Haiti on Penalties to Reach U-20 World Cup

Costa Rica’s men’s under-20 soccer team qualified for the 2027 FIFA U-20 World Cup on Tuesday after defeating Haiti 5-3 in a dramatic penalty...

Costa Rica’s New Vape Rules Were Supposed to Start Today. They Didn’t.

Costa Rica's flavored vape restrictions were scheduled to take effect August 6, 2026. A July decree pushed them to 2027. Here's what actually applies now.
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel