Watching Government: Central considerations

Better technology and a promising investment climate may translate into more industry interest in Nicaragua.President Enrique Bolanos this month signed legislation allowing foreign investors to explore several regions of the Central American country. Those areas include the Caribbean offshore, near the Miskitos and Perlas islands; marshland near the Pacific coast; farmland near Managua; and rugged jungles in southern Rivas Province.According to the US Energy Information Administration, Nicaragua as yet has no commercial oil production or proven reserves, but is still considered to be one of the few remaining areas in Central America worth exploring for oil and gas.Nicaraguan energy offici...

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