Experts call for oil-sector integration in Central America

Nov 13, 2003 01:00 AM

Experts agreed during a forum organized by the Panama-US Chamber of Commerce here on the need for a major energy-sector integration among the Central American countries.
“With this integration, countries of the sub-region will obtain better prices and a safe supply of energy”, said Frederico Sacasa, of Nicaragua, representative of the independent group on trade negotiations, the Caribbean Latin American Action (CLAA). “Despite a stable energy supply, the lack of integration in different areas caused obstacles and one of them was the slow movement of fuel through the isthmus”, he said.

Greater energy efficiency was necessary for the Central American countries, and this was possible through the adoption of a homogeneous legal framework, Sacasa said.
According to Sacasa, by way of the energy-sector integration, the sub-region will face on better terms changes in fuel pricing resulting from particular situations in the world.

The Manager for Public Affairs of Esso in the Caribbean and Central America, Alfredo Fernandez, called for unification in the quality of fuels in the isthmus. Fernandez mentioned as an example that the diesel required in Panama had different specifications to that of its neighbours'.
Central America represents 0.3 % of the world fuel demand.

Source: Xinhua
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