Coast to Coast. (Out of the Box).After years of planning, a US$600 million oil pipeline project could make Nicaragua Nicaragua (nĭkärä`gwä), officially Republic of Nicaragua, republic (2005 est. pop. 5,465,000), 49,579 sq mi (128,410 sq km), Central America. a major player in shipping crude between the Atlantic and Pacific Oceans. In September, the government granted a license to Florida-based engineering company Phenix Pipeline USA Pipeline USA is a defunct Internet service provider from the mid to late 1990s. Their claim to fame was their own proprietary software that was similar in use to AOL (at the time), CompuServe, and Prodigy. to develop the Central American Central America A region of southern North America extending from the southern border of Mexico to the northern border of Colombia. It separates the Caribbean Sea from the Pacific Ocean and is linked to South America by the Isthmus of Panama. Pipeline Project, which will include up to four separate 470-kilometer pipelines, plus terminals and pumping stations. Initially, two 30-inch tubes, each with a 280,000-barrel capacity per day, will run beneath roads and rivers from Monkey Point Monkey Point is a village in Región Autónoma del Atlántico Sur, Nicaragua, south of Bluefields. It is near the site of a planned $US 350 million seaport, to be financed by Iran and Venezuela.[1] References 1. ^ Morrissey, Siobhan. on the Atlantic Coast to Corinto Port on the Pacific. Two pipes may be added in the future. Each terminal will have a capacity of 2 million barrels and six pumping stations will maintain pressure. Phenix and its local subsidiary, Oleoductos Premier de Nicaragua, are performing field tests to determine the feasibility of the project. It is slated to begin in October 2003. |
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