Honduras temporarily grabs Exxon, Chevron terminals
mtippett | January 14, 2007 at 09:47 pmby
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TEGUCIGALPA, Honduras (Reuters) - Honduras will take temporary control of foreign-owned oil storage terminals as part of a government import program meant to drive down fuel prices, President Manuel Zelaya said late on Saturday.
Zelaya ordered the move after failing to reach a deal with big oil companies Exxon Mobil (XOM.N: Quote, Profile , Research) and Chevron (CVX.N: Quote, Profile , Research), as well as local company DIPPSA, to rent the terminals.