109
currently has 14% of the market share, next to Puma
and a little behind the Anglo-Dutch Shell. Due to
fines for violating the Competition Law, it is going
to sell its participation of Honduran group Tierra
Alta. This is going to leave way to ESSO (Exxon
Mobil) that also suffered fines for violation to the
Competition Law, to hold second place behind the
leader Chevron-Texaco.
Mining
The only relevant mining operation is the Canadian
company Pacific Rim that invested US$56 million to
exploit the gold mines of El Dorado.
Principal Energy Companies
and Institutions
ALBA PETRÓLEOS
DE EL SALVADOR
Luz Estrella Rodríguez
Vice-President
Final Av. Olímpica 1029,
Col. Escalón, San Salvador
Tel: (+503) 2526 7702
mhernandez@albapetroleos.com.sv
www.albapetroleos.com.sv
Activity: fuel distribution
Date of creation: 2006
Turnover: 70US million Dollars
Employees: 1000
Created in 2006 after many years of effort and
multiple hurdles, Alba Petroleos de El Salvador
S.E.M. de C.V. is the synthesis of a new cooperation
concept among countries encompassed in ALBA
and PETROCARIBE. It is reflected in the State of
Venezuela the vision of the future concreting Bolivar
and Martin’s integration and Latin American Union.
One of the strongest promoters of this project is the
deceased FMLN leader Schafik Handal.
On the other hand, the innovating role of the City Hall
Officials to use public funds and convert them into
investment titles to develop one of the population’s
most beneficial projects in the history of El Salvador.
This is expressed in the stock participation of
ENEPASA (Asociacion Intermunicipal de Energia
para El Salvador) on part of the Republic of El
Salvador and PDV-Caribe S.A. filial of PDVSA on
part of the Bolivarian Republic of Venezuela.
Energy
Alba Petroleo’s fuel storage complex in Acajutla
The juridical nature of the enterprise would be Mixed
Economy Shares – S.E.M. Salvadoran and would
be named “ALBA PETROLEOS DE EL SALVADOR,
SOCIEDAD POR ACCIONES DE ECONOMIA
MIXTA DE CAPITAL VARIABLE”, that can be
abbreviated “ALBA PETROLEOS, S.E.M. DE C.V.”
or simply “ALBA PETROLEOS DE EL SALVADOR.
This way of association, Alba Petroleos, is 100%
Salvadoran, although, 60% is Petrocaribe and 40%
Enepasa.
Alba Petroleos de El Salvador S.E.M. de C.V. is
introducing in the country the PDVSA brand for
quality fuel and lubricants, to generate new jobs
and healthy competition in the commercialization of
oil derived products with the purpose of benefiting
companies and consumers with cheaper prices.
Its contribution not only begins with the development
of over 100 white flag service stations throughout
the country, obtaining 14% of the market share
in a few years, but it also has indirectly trained
1000 Salvadoran professionals in the qualified
oil sector. Besides, Alba Petróleos is one of the
main contributors to the State through taxes. Its
social function is within Alba’s philosophy. It has
contributed over US$2 million with the introduction
of potable water, health and education projects,
introduction of electrical energy and sports projects
at municipalities.
The main project of Alba Petroleos is the fuel storage
and distribution plant in Ancajutla. The infrastructure
has a capacity of receiving 355 thousand barrels of
gasoline, liquid gas and aircraft fuel. This task was
done with Salvadoran and Venezuelan technical
support. The work comprises of the construction of
nine storage tanks and the introduction of piping to
the sea for the reception of fuel in its own port. There
were 4 pipes, 2 eight inch for liquid gas supply and