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Honduras: Texaco Threatens To Close Operations At Refinery

ISSN:1089-1560
LADB Article ID: 067462
Category/Department: General
Date: Friday, March 15, 1991
By: Deborah Tyroler

On March 9, Manuel Crespo, manager of Texaco's refinery at Puerto Cortes (Atlantic coast), told reporters that recent currency devaluation had reduced profits by 50%. If prevailing conditions continue, he said, the refinery would be shut down. T...

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