RealNews

Honduras temporarily grabs Exxon, Chevron terminals

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) and Chevron (CVX.N), as well as local company DIPPSA, to rent the terminals. Full Story

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