Article: REGION OBJECTS TO NICARAGUAN OIL CONCESSIONS.

The Instituto Nicaraguense de Energia (INE) has authorized offshore oil-exploration leases to four foreign companies, amid complaints from Nicaragua's neighbors. The companies were MKJ Exploraciones Internacionales; Industria Oklahoma Nicaragua; Infinity Inc.; and Greathouse Trust 2000. All are US companies. Each company will have a six-year contract to explore and exploit in Nicaraguan waters.

"During this period there will be geoseismic and geophysical operations, exploratory perforations, and it is expected that, at the end of between four and five years, there will be news of hydrocarbon reserves in Nicaragua," said Mauricio Arce, the INE's director of ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!