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

National Team Defender Among Four Held in Costa Rica Loan-Shark Extortion Probe

Cartaginés right-back Carlos Barahona, 24, was detained in pre-dawn raids in Cartago as a suspect in extortion tied to gota a gota loans.

Landslides Close Costa Rica’s Route 32 Between San José and Limón

Costa Rica’s main highway between San José and the Caribbean remained closed this morning after heavy rain triggered landslides at several points along...

Water Upgrades for Jacó, Quepos and Manuel Antonio Stall After Seven Years

A loan-funded program to upgrade water systems in Jacó, Quepos, Manuel Antonio, Limón and Guácimo has reached just 25% completion after seven years, according...

Costa Rican Scientists Revive Fish Larvae Research to Protect Fisheries

Costa Rican scientists and marine conservation specialists are working to revive an important field of research that could help protect fish populations and improve...

Landslide Forces Closure of Costa Rica’s Road to Limon Again

Heavy rain triggered a landslide on Route 32 late last night, forcing authorities to close the mountain crossing used by drivers traveling between San...

More Than 400 Buildings Sit in the Path of Costa Rica’s Electric Train

Incofer's feasibility study found more than 400 homes, shops and buildings inside the rail right-of-way for the Tibi electric train. The state must also buy 145 private lots by 2028.

Costa Rica Raises Mandatory Vehicle Insurance Rates for 2027

Anyone owning a car in Costa Rica will face higher mandatory insurance costs in 2027, with private vehicles, motorcycles and buses among the categories...

First Tampa to Costa Rica Nonstop in 25 Years Is Now Flying Twice a Week

Tampa and Costa Rica are linked nonstop again for the first time in 25 years. Breeze's twice-weekly flights are now operating.

Costa Rica Raids 80 Locations in Major Fuel Theft and Organized Crime Investigation

Costa Rica's OIJ carried out 80 raids Friday against an alleged network accused of stealing 654,000 liters of fuel and $1.5 million in cargo, with 22 detained.
Loading…

Latest News from Costa Rica

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