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

Thinking of Moving to Costa Rica? Put Puriscal at the Top of Your List

Anyone who has lived in Costa Rica for a while knows the question. A friend, a relative or a stranger online is thinking about...

Santa Cruz Inspector’s New Truck and Mayor’s Son’s Bank Deposits Under Scrutiny in Guanacaste Probe

A municipal inspector in Santa Cruz, Guanacaste, bought a new Toyota Hilux for 21.2 million colones (about $46,500) that his income cannot account for,...

Costa Rica Begins New Prison Transfer Phase as CACCO Opens to Inmates

Costa Rica was scheduled to begin moving prisoners into its new maximum-security facility today, marking the next step in the government's effort to tighten...

Thieves Emptied a Tourist Rental Car in 8 Minutes in Costa Rica

When you lock your car in Costa Rica, don't assume it is locked. A group of Colombian visitors found that out during a coffee...

Costa Rica Hospitals Overwhelmed as Patients Wait Up to Eight Days for Treatment

Patients at several of Costa Rica's largest public hospitals are waiting as long as eight days for a hospital bed, with overcrowded emergency departments...

No Roads, No Cars, Just Tarpon at Costa Rica’s Silver King Lodge

How a remote Caribbean river became tarpon fishing's proving ground, and how Silver King Lodge is reviving it.

Costa Rica Begins Rebuild of the Airport Serving Quepos/Manuel Antonio

Work began on a $13.4 million upgrade of the Quepos airport near Manuel Antonio, adding room for nine small aircraft now and a new passenger terminal by 2028.

Costa Rica Opens Bidding for $770 Million San José–San Ramón Highway Expansion

Costa Rica has opened international bidding for a $770 million expansion of the San José–San Ramón highway. The project includes additional lanes, new bridges, upgraded interchanges and proposed tolls, with construction expected to begin in 2027.

Many US Deportees Remain in Costa Rica as Report Faults Migration Agency

Costa Rica cannot fully meet its human rights obligations to the migrants the United States is deporting here from other countries, according to a...
Loading…

Latest News from Costa Rica

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